Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography, or perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. In this book the authors show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, they marshall...

In The Darker Nations, Vijay Prashad provided an intellectual history of the Third World and told the story of the rise and fall of the Non-Aligned Movement.
With The Poorer Nations, Prashad takes up the story where he left it. Since the ’70s, the countries of the Global South have struggled to express themselves politically. Prashad analyzes the failures of neoliberalism, as well as the rise of the BRIC countries, the Group...

The only comprehensive guide to reaping big returns investing in the hottest new growth markets This book makes a compelling case that, just as today's well-rounded portfolio includes emerging market funds, tomorrow's well-rounded portfolio will include frontier market funds. More importantly, it alerts you to the vast opportunities and potential pitfalls of investing in frontier markets while providing expert advice and guidance on how to research...

BDiscover the four traits of the best performing, but least known, breakout firms in BRIC countries/b "Rough diamonds" are the best performing firms in the BRIC (Brazil-Russia-India-China) countries. These firms compare favorably with the top 500 firms and the top 25 manufacturing firms in their countries and comparable firms worldwide, exceeding them profit margins and return on assets over an extended time period. This book outlines who these firms...

Far from always having been an isolated nation and a pariah state in the international community, North Korea exercised significant influence among Third World nations during the Cold War era. With one foot in the socialist Second World and the other in the anticolonial Third World, North Korea occupied a unique position as both a postcolonial nation and a Soviet client state, and sent advisors to assist African liberation movements, trained anti-imperialist...

Why do many Asian, African, and Latin American states have such difficulty in directing the behavior of their populations--in spite of the resources at their disposal? And why do a small number of other states succeed in such control? What effect do failing laws and social policies have on the state itself? In answering these questions, Joel Migdal takes a new look at the role of the state in the third world. Strong Societies and Weak States offers...

In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical 'how-to' manual for MFIs to develop the capacity to become licensed and regulated to mobilize deposits...

Avinash K. Dixit is John J. F. Sherrerd '52 University Professor of Economics at Princeton University. He is the author or coauthor of nine books, including Investment under Uncertainty (Princeton), Thinking Strategically (Norton), Games of Strategy (Norton), and The Making of Economic Policy (MIT). How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced...

"In this ambitious work, first published in 1983, Cedric Robinson demonstrates that efforts to understand Black people's history of resistance solely through the prism of Marxist theory are incomplete and inaccurate. Marxist analyses tend to presuppose European models of history and experience that downplay the significance of Black people and Black communities as agents of change and resistance. Black radicalism, Robinson argues, must be linked to...

The world is upside down. The emerging market countries are more important than many investors realise. They have been catching up with the West over the past few decades. Greater market freedom has spread since the end of the Cold War, and with-it institutional changes which have further assisted emerging economies in becoming more productive, flexible, and resilient. The Western financial crisis from 2008 has quickened the pace of the relative rise...