This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Literature: Vol. 40 No. 3 (September 2002)
JEL Volume. 40, Issue 3 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
JEL Forthcoming Articles
JEL Indexes (Members Only)
Full-text Article
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
Explore:
JEL Forthcoming Articles
JEL Indexes (Members Only)Review of Easterly's The Elusive Quest for Growth
Article Citation
Wacziarg, Romain. 2002. "Review of Easterly's The Elusive Quest for Growth."
The Journal of Economic Literature,
40(3): 907-918.
DOI: 10.1257/002205102760273823
DOI: 10.1257/002205102760273823
Abstract
William Easterly's superb book draws on what we have learned from almost two decades of cross-country growth comparisons, providing a critical synthesis of the current state of empirical knowledge on growth. The author emphasizes policy and institution-driven incentives for growth, and also critically surveys evidence for more traditional sources of growth such as factor accumulation. Another contribution of the book is an accessible and detailed description of the vicious cycle of adjustment loans directed by the World Bank and IMF at countries that squander these resources in current consumption rather than investment, leading to stagnant growth, debt crises, debt relief and further adjustment loans.
Article Full-Text Access
Full-text Article
Authors
Wacziarg, Romain
