The Capitals of Nations: The Role of Human, Social, and Institutional Capital in Economic Evolution by Lalita Som

The Capitals of Nations: The Role of Human, Social, and Institutional Capital in Economic Evolution

byLalita Som

Hardcover | November 10, 2014

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Theories of economic growth focused on physical capital and its diffusion till the 1950s. Since then, increasing attention has been paid to the role and utility of knowledge, human capital, governance, institutions, and social capital as critical dimensions in determining economic growth andevolution. Focusing on the three forms of intangible capital-human, social, and institutional capital-this book looks at their dynamic linkages as crucial determinants of economic growth and their significance in the process of economic evolution. The author brings out this linkage at the macro level throughcase studies such as the growth experiences of Britain and America during the Industrial Revolution, Japan's high growth post-WWII and its recent lackadaisical growth experiences, and the contemporary growth experiences of China and India. The author presents an analysis of the interaction betweenthe three intangible capitals at the firm level to explain the micro phenomenon.

About The Author

Lalita Som has worked for the Organisation for Economic Co-operation and Development (OECD), Paris as well as the Commonwealth Secretariat, London.

Details & Specs

Title:The Capitals of Nations: The Role of Human, Social, and Institutional Capital in Economic EvolutionFormat:HardcoverDimensions:312 pages, 8.5 × 5.43 × 0.03 inPublished:November 10, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199452733

ISBN - 13:9780199452736

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Table of Contents

Foreword by Percy S. MistryPrefaceAcknowledgementsHuman, Social, and Institutional CapitalI Theoretical Framework1. Analytical Framework2. Human Capital3. Social Capital4. Institutional Capital5. The Relationship between Human, Social, and Institutional capitalII Case Studies6. Industrial Revolution in Britain7. Early Industrial Revolution in America8. Japan's Growth Experience: Post-Second World War and Recent Times9. China: The Manufacturing Sector10. India: The Services SectorIII Micro Analysis11. Theory of the FirmIV Conclusion12. Concluding CommentsAppendix A.1Appendix A.2BibliographyIndexAbout the Author