How Growth Really Happens: The Making of Economic Miracles through Production, Governance, and Skills

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A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first century Achieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an economic framework that focuses on production, gove

Reviews

"Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society"
"A rare breadth of economic analysis."---Paschal Donohoe, Irish Times
"Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding."---Michael M. Rosen, Weekly Standard
"A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad."---Rajah Rasiah, Asia Pacific Business Review
"Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world." * Choice *

Author Bio

Michael H. Best is professor emeritus of economics at the University of Massachusetts, and has worked on production restructuring projects with the United Nations Industrial Development Organization, the World Bank, and governments in twelve countries. He is the author of The New Competition and The New Competitive Advantage