Book Description
India remains a mystery to many Americans, even as it is poised to become the world’s third largest economy within a generation, outstripping Japan. It will surpass China in population by 2032 and will have more English speakers than the United States by 2050. In In Spite of the Gods, Edward Luce, a journalist who covered India for many years, makes brilliant sense of India and its rise to global power. Already a number-one bestseller in India, his book is sure to be acknowledged for years as the definitive introduction to modern India.
In Spite of the Gods illuminates a land of many contradictions. The booming tech sector we read so much about in the West, Luce points out, employs no more than one million of India’s 1.1 billion people. Only 35 million people, in fact, have formal enough jobs to pay taxes, while three-quarters of the country lives in extreme deprivation in India’s 600,000 villages. Yet amid all these extremes exists the world’s largest experiment in representative democracy—and a largely successful one, despite bureaucracies riddled with horrifying corruption.
Luce shows that India is an economic rival to the U.S. in an entirely different sense than China is. There is nothing in India like the manufacturing capacity of China, despite the huge potential labor force. An inept system of public education leaves most Indians illiterate and unskilled. Yet at the other extreme, the middle class produces ten times as many engineering students a year as the United States. Notwithstanding its future as a major competitor in a globalized economy, American. leaders have been encouraging India’s rise, even welcoming it into the nuclear energy club, hoping to balance China’s influence in Asia.
Above all, In Spite of the Gods is an enlightening study of the forces shaping India as it tries to balance the stubborn traditions of the past with an unevenly modernizing present. Deeply informed by scholarship and history, leavened by humor and rich in anecdote, it shows that India has huge opportunities as well as tremendous challenges that make the future “hers to lose.”
Customer Reviews:
A Passage Through India .......2007-10-22
In Spite of the Gods: The Strange Rise of Modern India
By Edward Luce
Edward Luce is a journalist who has spent time in India. His "In Spite of the Gods: The Strange Rise of Modern India" is a good introduction to modern India. His observations help dispel some of the contradictions within modern India: extreme poverty juxtaposed with newly developed technology; traditional agricultural economy contrasted with modern conveniences and communication; and India's relative stability within the South Asian community.
The British Partition of India in 1947 with predominantly Muslim concentration in the North and in Pakistan; and majority Hindus in the South, set the stage for religious and ethnic disputes that still continue.
Curiously, relatively few Indian Muslims have joined the Jihadist movements against the west that have rocked Pakistan.... Including the recent car bomb explosions that were aimed at exiled Pakistani leader Bhutto.
"But history turned out the way it did. And so India entered into independence with a large Muslim minority, many of whom went through the conundrum of watching close family members migrate to Pakistan forever. Though their decision to remain in India should have put Indian Muslims beyond suspicion, their loyalties were constantly called into question. It is a terrible Irony of partition that the Muslims who remained behind in India and those who left for Pakistan, should have as good a claim as any others to being true Indians and true Pakistanis respectively given the sacrifices they made. The contradiction of partition has yet to die out." (In Spite of The Gods, P. 227)
Luce examines the challenges to India, which he calls "Herculean", public health, the environment, external relations, and public confidence in the government. He says "the most coherent threat to India's liberal democracy is Hindu nationalism." He points to the "emergency" declared by former President Gandhi in the 1970's as an example of the failure of autocratic rule in India.
Beating the Odds.......2007-10-13
edward luce's journalistic writing style makes this book an easy read. it does a good job of putting into context the "hindu rate of growth" that existed for so long after india regained her independence. but just as a big ship takes longer to change direction than a smaller boat, so does a large, diverse country that has been steeped in tradition and religious constraints for so many centuries.
similarly, just as greed and selfishness are unfortunate bi-products of capitalism gone wild in the new world, so is "caste-ism" and corruption of an economic system based on social classes which has been the rule for thousands of years. yet, as the author points out, it is this very tradition and sense of history that will keep the balloon of prosperity which has been unleashed, to remain tethered to the ground as it finds it's way into the modern skies.
in summary, the book is a good bridge from the old to the new and a good primer for anyone interested in understanding the paradox of modern india.
A must read for anyone trying to understand modern India.......2007-09-18
This is an important book on modern India. Edward Luce has been a foreign correspondent in India for many years and knows the country well. He provides a comprehensive survey of the politics and economics of India going into the 21st century. I was initially disappointed by the opening pages dealing with a few new-age types living in luxury and marveling at the spirituality of India while completely ignoring the poverty. Reading on I was pleasantly surprised to discover that this was only an introduction to demonstrate what is wrong with many Westerner's perception of India. The book provides an unflinching look at India, warts and all. While some sections may seem overly critical, we live in an imperfect world and the same things are wrong in many other countries, to a greater or lesser extent. The rest of the world continues to function and even prosper and India does so too. The book also discusses the huge untapped potential of the country and the things that need to happen to assure future growth and development. I found the chapters on recent changes in religious practices and the rise of fundamentalism very eye-opening. The significance of attributing the domestication of the horse to the Indus Valley civilization is fascinating (I won't give this one away). In Spite of the Gods is a must read for anyone trying to understand modern India.
To spite the Gods?.......2007-09-15
I picked up this book when I was on a trip, mainly because of the intriguing title. I thought, well, here is someone who will tell us how our Gods hold us back economically. Especially, as many of us worship Lakshmi ji, the Goddess of prosperity, every day!
As it turns out, I was quite wrong. The title has absolutely no connection with the contents of the book, except perhaps to insinuate that India has progressed economically despite being religious. Or to help along sales. [Do note the rhyming with the original expression 'in spite of the odds'. Possibly Mr. Luce thinks that Hindu Gods were holding back India's progress, or that perhaps they are the real odds?]
The book is more or less a compilation of wisdom received from the author's Indian friends, and select social circle. I was unable to find any original insight or conclusion in the book. However, Mr. Luce does present the old and tired wisdom of assorted Indian intellectuals in a refreshingly witty way. In the end, the book is just a large collection of articles, such as you would find in any weekly or fortnightly newsmagazine or in any mainstream English language newspaper published in India. This is understandable, given the fact that Mr. Luce, after all is merely a journalist, used to regurgitating what others tell him. There is some useful information though, including tidbits about the high and mighty of Indian establishment.
Expectedly, Mr. Luce is most positive about and impressed with the economic side of Indian growth. He cites any number of examples of the growing economic strength and its implications. There may not be anything new in this, but the endorsement sounds nice, coming from a Western journalist.
However, his views on the cultural and religious aspects are a different thing altogether. He mostly holds the majority community as being directly responsible for India's perceived cultural backwardness, for the condition of the women and children, and for the distressing law and order situation. He also suggests that Bajrang Dal has been responsible for two out of three major riots in the last 25 years (the third being laid at the door of Congress). However, this is mere reductionism - he conveniently ignores hundreds of small riots which break out every year across India, on the slightest pretext.
This liberal confusion continues: when it comes to dealing with Muslims, he suddenly switches the canvas to South Asia, from just India! This serves two purposes: first it helps him cover the pre-1947 developments. Second, it allows him to include Kashmir in the discussion. Dealing with Kashmir within the framework of India would have perhaps been sacrilegious?
That said, it is therefore surprising to see an endorsement of the book by Mr. Mark Tully, whose work is as close to Mr. Luce's as North Pole is to South Pole. Perhaps Mr. Tully was merely helping along a fellow Briton. Or perhaps he was made to sign the endorsement using some frightfully sinister threat...
The book is very nicely bound, and the printing and paper is quite pleasing. So is Mr. Luce's writing style, humorous and engaging. However, sometimes it is a little tiring also, as you (as an Indian) sometimes feel that you are the [...]. of his jokes and gratuitous insinuations.
Buy this book if you quickly want to update yourself on the current perceptions of the fashionable and the intellectual. Skip it if you want to learn anything worthwhile.
Bad statistic.......2007-09-10
In discussing the low ratio of girls to boys, the author states that, in the West, there are 105 girls born for every 100 boys. That is not true. Even in the West, there are more boys born than girls. The numbers should be reversed.
Book Description
Complex, challenging, and stimulating, this book addresses information system analysis and design;; it is full of information that shows the organizational process that a team of business and systems professionals use to develop and maintain computer-based information systems. It stresses the importance of responding to and anticipating problems through innovative uses of information technology.
The book provides an excellent foundation for systems development, then goes on to making the business case, analysis, design, implementation and maintenance.
For future systems analysts, or for those information technology that need a great resource for implementing new ideas and strategies for success.
Customer Reviews:
"Just the facts ma'am".......2007-09-12
This book is a difficult read. Most writers infuse something of a personality into their writing, even a textbook. I read a lot of books, mostly non-fiction (programming books, networking books) with some fiction thrown in here and there. The authors may know about the subject and clearly they do, but I found myself reading the text in a monitone voice and my eyes glazing over every couple of sentences. Thats because each sentence is just another fact, freeze dried and stuck next to another fact and eventually you get a very wordy paragraph. Add them all together and you get pages and pages of facts.
I felt like someone took a vacuum and sucked out all of the life out of the text. Seriously, I was tempted to look at the preface to see if the authors added the instructions to "just add water before reading". It really is that dry.
If that is your reading style, then this book is for you. I couldn't read more than a couple of pages before having to take a break.
Expect a textbook, not a real "how to" lesson.......2007-01-26
I used this book for an online course and I really felt like I was slogging through it. Obviously it's a textbook, but there are probably books out there that get to the point in fewer words. Most chapters are 30-50 pages long, and though some of the examples are helpful, overall the impact of the material is lost in paragraphs that never end. I would say if you aren't in a course that is using this text as a supplement, buy something else. The examples aren't good enough to give you a sense of database structure or systems diagrams without some real world comparison.
It's OK.......2006-03-03
The data itself is fine. It does explain the information in an understandable way.
Unfortunately, the font is tiny to make up for the large parts of information in the margins. Also, there is a slight shine to the paper itself which gives a glare when reading the text.
Extremely thorough treatment of Systems Analysis..........2005-07-13
This summer, I took a class in which we read this entire book. Yes, all 600+ pages of text (thankfully we weren't tested on the index). This HUGE book presents a very thorough treament of the Systems Development Life Cycle and the profession of Systems Analysis. From Project Planning to System Maintenance, hardly a detail gets shunned.
The book overall emphasizes the traditional SDLC, but weaves in some discussion of newer methodologies such as: Extreme Programming, Object Oriented design, CASE tools, and other agile methodologies. And if anyone wants to know what a Systems Analyst does day to day on the job, Appendix 1 spells it out pretty thoroughly. Anyone thinking of becoming a Systems Analyst should at least read this appendix, if not the entire book.
The book doesn't emphasize customer service to a great degree. As a working Systems Analyst, I find that customer service skills come in handy every single day. Appendix 1 does mention this skill, but not in an overly detailed manner. Information Systems in general deemphasizes the customer side of things ("User error!!!" still gets mockingly shouted across many help desks and support centers), which accounts for some of the problems that the industry as a whole faces (sometimes we're a little too easy to outsource). So a little more on the importance of customer service might have improved the book.
In the end, this book is a textbook. The going gets rough in many places as details pile upon details. But to understand some of the complexities of system development, a detailed approach probably represents the best way to go. So if you're looking for pleasure reading, look elsewhere. But if you want a detailed, granular, sometimes heady, complex treatment of the analysis side of Systems Development, this book offers more than you'll need for the traditional approach to the SDLC. Those looking for details on XP or OOP should look elsewhere.
Good S.A.D Book.......2005-05-13
I used this book to learn system analysis and design while taking graduate course. The book is well-written and the layout is pretty good. The authors broke down the information in such way you can understand easily. The book also has some exercises that help you practice what you learn. I kept the book and plan to use it a reference. I will recommend it if you are serious about learning System Analysis and Design.
Book Description
This cutting-edge financial casebook is divided into four modules: Structuring Projects, Valuing Projects, Managing Project Risk, and Financing Projects. The cases have been carefully selected to reflect actual use of project finance over the past five years in terms of geographic location (the cases come from 15 different countries) and industrial sectors.
* Benjamin Esty, of the Harvard Business School, is one of the leading scholars in project finance.
* Project finance is becoming the financing mechanism of choice for many private firms.
* Cases require the reader to integrate knowledge from multiple disciplines when making a single managerial decision. This integration of functional areas such as strategy, operations, ethics, and human resource management encourages the reader to adopt a more integrative perspective and understanding of the interconnectedness of managerial decision-making.
Customer Reviews:
Excellent Text for all levels.......2007-01-12
I am not in a finance field per se, but the case studies were easy to follow and analyze and provided for excellent readability. The amount of detail included in the presentations of each case is amazing. The cases span the entire world and cross numerous industries. There is also a noted focus on some projects spearheaded by the IFC.
It seems like this text would benefit anyone in the field while also interesting those who have never come across project finance.
Modern Project Finance - A Must-Have Text for all Project Finance Professionals.......2007-01-10
I must admit that I am a great fan of Professor Benjamin Esty.
When I bought this book I knew that I was going to come across well researched project finance case studies. The detail into which he goes into each transaction shows beyond doubt that he actually met/talked to the professionals who were an the coal-face of each transaction.
This book should also be a MUST-READ for all recent graduates who are starting out in Project Finance as it's written in a very user friendly fashion.
At the very beginning of this text book one is informed, contrary to popular belief, that Project Finance has been around for a very long time!
Five Stars material no doubt!
Msingathi "Msi" Mnyengeza
Johannesburg, South Africa
Modern Project Finance: A Casebook.......2007-01-10
This is an outstanding book and a very important resource for me as an instructor in project finance. The cases in this book are some the best that I have seen and are very rich in complexity and in the coverage of concepts.
Good insight in Project Finance.......2006-11-10
The book gives an interesting insight in Project Finance and is especially valuable for giving the rationale in using PF versus traditional Corporate Finance.
It gives evidence of the matter through a step by step procedure so that every case adds some knowledge. Excellent terminology section.
For not experienced professional, maybe it should be read in conjunction with some manual providing the basic principle and more insight in financial and legal technicalities.
Great Book.......2005-03-19
I used this for guidance as I was preparing a financing proposal for a methanol and formaldehyde chemical plant complex (US$250MM) and along with 'Principles of Project Finance' by E.Yescombe, I was well guided and my proposal was successful.
Amazon.com
The "commanding heights," according to Pulitzer Prize-winner Daniel Yergin and international business advisor Joseph Stanislaw, are those dominant enterprises and industries that form the high economic ground in nations around the globe. In their analysis of the new world economy, The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World, they examine "the individuals, the ideas, the conflicts, and the turning points" that are responsible. And by considering events such as the ongoing Asian monetary crisis, they suggest what the ultimate interconnection of financial markets might mean in the future.
Book Description
The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives. Now, the Pulitzer Prize-winning author of The Prize joins with a leading expert on the new marketplace to explain the revolution in ideas that is reshaping the modern world. Written with the same sweeping narrative power that made The Prize an enormous success, The Commanding Heights provides the historical perspective, the global vision, and the insight to help us understand the tumult of the past half century.
Trillions of dollars in assets and fundamental political power are changing hands as free markets wrest control from government of the "commanding heights" -- the dominant businesses and industries of the world economy. Daniel Yergin and Joseph Stanislaw demonstrate that words like "privatization" and "deregulation" are inadequate to describe the enormous upheaval that is unfolding before our eyes. Along with the creation of vast new wealth, the map of the global economy is being redrawn. Indeed, the very structure of society is changing. New markets and new opportunities have brought great new risks as well. How has all this come about? Who are the major figures behind it? How does it affect our lives?
The collapse of the Soviet Union, the awesome rise of China, the awakening of India, economic revival in Latin America, the march toward the European Union -- all are a part of this political and economic revolution. Fiscal realities and financial markets are relentlessly propelling deregulation; achieving a new balance between government and marketplace will be the major political challenge in the coming years. Looking back, the authors describe how the old balance was overturned, and by whom. Looking forward, they explore these questions: Will the new balance prevail? Or does the free market contain the seeds of its own destruction? Will there be a backlash against any excesses of the free market? And finally, The Commanding Heights illuminates the five tests by which the success or failure of all these changes can be measured, and defines the key issues as we enter the twenty-first century.
The Commanding Heights captures this revolution in ideas in riveting accounts of the history and the politics of the postwar years and compelling tales of the astute politicians, brilliant thinkers, and tenacious businessmen who brought these changes about. Margaret Thatcher, Donald Reagan, Deng Xiaoping, and Bill Clinton share the stage with the "Minister of Thought" Keith Joseph, the broommaker's son Domingo Cavallo, and Friedrich von Hayek, the Austrian economist who was determined to win the twenty-year "battle of ideas." It is a complex and wide-ranging story, and the authors tell it brilliantly, with a deep understanding of human character, making critically important ideas lucid and accessible. Written with unique access to many of the key players, The Commanding Heights, like no other book, brings us an understanding of the last half of the twentieth century -- and sheds a powerful light on what lies ahead in the twenty-first century.
Download Description
The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives. Now, the Pulitzer Prize-winning author of The Prize joins with a leading expert on the new marketplace to explain the revolution in ideas that is reshaping the modern world. Written with the same sweeping narrative power that made The Prize an enormous success, The Commanding Heights provides the historical perspective, the global vision, and the insight to help us understand the tumult of the past half century. Trillions of dollars in assets and fundamental political power are changing hands as free markets wrest control from government of the "commanding heights" -- the dominant businesses and industries of the world economy. Daniel Yergin and Joseph Stanislaw demonstrate that words like "privatization" and "deregulation" are inadequate to describe the enormous upheaval that is unfolding before our eyes. Along with the creation of vast new wealth, the map of the global economy is being redrawn. Indeed, the very structure of society is changing. New markets and new opportunities have brought great new risks as well. How has all this come about? Who are the major figures behind it? How does it affect our lives? The collapse of the Soviet Union, the awesome rise of China, the awakening of India, economic revival in Latin America, the march toward the European Union -- all are a part of this political and economic revolution. Fiscal realities and financial markets are relentlessly propelling deregulation; achieving a new balance between government and marketplace will be the major political challenge in the coming years. Looking back, the authors describe how the old balance was overturned, and by whom. Looking forward, they explore these questions: Will the new balance prevail?
Customer Reviews:
Capitalism won. Socialism lost........2007-08-13
That's the central message of this book. But to know why it happened, how it happened, and the geographic extent of this outcome, you need to read this fascinating book.
Now if we can just get our own federal government to realize this . . .
Also read what could be a good companion book: The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Good Primer But Authors Show Shallow Understanding.......2007-06-19
This book offers a good historical review of the struggle between free market and government controlled, socialist economies, the ideas behind the struggle, the main characters and the intellectuals who shaped the struggle.
Nevertheless, the book makes it look like market controlled economies have achieved the ultimate triumph when the case is far from that. The so called 'capitalist' economies of today are more controlled by government that they ever were and they have been rather re-regulated than deregulated.
The book would make a good reading for those interested in history but I wouldn't subscribe too much to its premise that Capitalism has triumphed.
Not critical enough; offers one perspective and does not back it up.......2006-11-18
This book was rather fun to read but I am not convinced that the authors have as deep an understanding of the phenomena they are writing about as they would like the readers to believe. The book reads like a narrative, full of assertions that are not backed by rigorous analysis of hard evidence. The authors do not critically explore causal relationships, nor do they talk about research that has done so. They present only one particular perspective on the unfolding of events, and they do not defend this perspective against potential criticism.
My experience with economics has always reinforced the idea that causality can be difficult to establish, and can often operate in unexpected ways. An economist must proceed skeptically, being careful to explore alternative explanations and being prepared to defend assertions with theory and data. The authors do not seem to share this view, taking instead a more naive approach.
Maybe I was expecting too much; after all this book is meant to be accessible to non-economists. However, making a book more accessible does not necessitate a lack of rigour or the absence of critical thought; the authors could have removed some of the redundancy in the book (their writing is far from concise!) and replaced it with explorations of alternative perspectives. The book would be greatly enriched by adding more discussion of research that supports (or opposes) their views.
Very Good Review of 20th century political economy.......2006-11-07
This is as painless an education on world 20th century political economy as possible. It is very interesting, providing a lot of good intellectual background to the major events and excellent descriptions of the events themselves. The book places excessive emphasis on Hayek, who was an important figure representing a strong "pro-market" voice in economics, but probably less important than Friedman and no more important than several others. The "conflict" bewteen Hayek and Keynes is somewhat overstated. However, this is an excellent book and the corresponding DVD is also very good.
an excellent report of the world economy.......2006-02-13
Public sector economy or market economy, this is the epic quest of the twentieth century. In a time of unemployment and global markets, everyone is looking for an answer to get growth and employment high. Daniel Yergin examines the twentieth century under the aspects of political and economic point of views.
He begins with the New Deal; in witch Roosevelt tried to regulate the liberal free market. The Anti-Trust- Rules were the first step in a modern regulated market. A neoliberal market constitution was introduced by the German economists. Walter Eucken, Mueller-Armack and Roepke were the person who introduced the „Ordoliberalismus"(Freiburg school of economists) into the economic policy. Yergin and Stanislaw discussed the transformation of the socialist states from a socialist market condition into a free market, after the Soviet Union broke down. These new economies of the Warsaw Pact states troubled with the release into the capitalist world. They showed how these transformation works, especially in Poland. Against this transformation they show how the Old Europe had problems with the expansion of the market into the east. In Western Europe the unemployment rate rose to an unknown high and the social problems of the welfare system rose too.
Yergin and Stanislaw explained the economic policy of Margaret Thatcher and the third way of Tony Blair and Gerhard Schroeder.
Beyond this political point of views Yergin and Stanislaw explains the theoretical background of the modern economics. The Chicago school by Milton Friedman, Alfred Kahn economic of regulation and Keynesianism is discussed.
The future lies in the Asian markets and the growing Indian market. They explain the population problems of these countries and how the World Bank gets further with it.
I think it is an excellent book for the economist. It shows how the theoretical background is applied. There are good examples to explain it to the reader who are not familiar with the economic thinking.
Customer Reviews:
may work for some, but not for me.......2007-07-23
I was really hyped up about this book after reading all the great reviews. I thought this might be it. But after reading it, it wasn't much help. It basically said to ignore your negative thoughts, no duh! Einstein, if we could all manage to somehow ignore our negative thoughts then we would all be happier wouldn't we? So there you go, I just saved you about 2 hours of tedious reading in 2 minutes!
Inspirational.......2007-03-25
Roberts tells an interesting and inspiring story of success through the experiences of a fictional character. Some of the key points yu will learn in this book include, among others:
Finding your right place.
Experiencing the struggle to find the right opportunity.
The trials of unemployment and low income.
Learning how to take the first step towards success.
This book focuses on achieving success through positive relationships and a healthy mental attitude, told through a fictional story, similar to The Wealthy Barber and Og Mandino's style. For more information on achieving financial success, you may want to read "The 17 Principles of Creating Wealth," by Phillip Collinsworth.
A Rich Man's Secret : An Amazing Formula for Success.......2005-06-23
I have read all the reviews written about this book so far and find that all the negative comments about this book appear to be based on preconcieved notions and opinions, about the author, rather than the merits of the central message of this Book. In my opinion this Book helps you understand the real secret of Success in all your endeavours in Life,and not just confined to wealth building strategies. The Central Theme of this book will change your Life as it did mine,if you let it.This is an excellent book,easy to understand, and read and comprehend, but it will require constant vigil and effort to put in action, what is revealed in this Book. But if one persists, the effort will be well worth it. I highly recommend this Book to any one with open mind seeking a better Life.
Wanting More..........2005-05-09
This book really left me feeling that there was more to "our" lives than just waking up everyday and doing the same old thing, without noticing what is truely important and what we do take for granted. Living life is more than wanting "money" to make our life better. Money isn't what makes life better. "Now Is How" is the ticket, grab the book, find a quiet place, lock the door, bolt it, padlock it, don't let anyone in, until you finish it. Great book , wish there was a continuing story to find out if Victor applied his new "wealth" to see if it really made his life better. But this is a great read. Buy it, you won't be sorry. It's a treasure hunt, great detective story all rolled up into Life's Philosophy, and thensome. You won't regret the money you spend if you truely open you heart & soul to what he is saying to all of humanity. It's a great read! What are you waiting for, order the book. One thing more, don't expect to find a secret to making money, this isn't the book. Just "open your eyes, heart & mind"
SImple and Perfect.......2005-05-01
This novel was a fun read with a unique and beautiful lesson woven into the story. It left me with two feelings at the end. FIrst, I was sorry that the story had to end. Second, that I had been shown a new way of looking at life and success that was so simple that I had missed it my whole life. Ken Roberts has a folksy, common sense manner of writing which you can't help but relate to. This is an honest and fresh work that is destined to be a cult classic.
Book Description
The Great Divergence brings new insight to one of the classic questions of history: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? As Ken Pomeranz shows, as recently as 1750, parallels between these two parts of the world were very high in life expectancy, consumption, product and factor markets, and the strategies of households. Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages that were only partly resolved by trade.
Pomeranz argues that Europe's nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber. This made Europe's failure to use its land intensively much less of a problem, while allowing growth in energy-intensive industries. Another crucial difference that he notes has to do with trade. Fortuitous global conjunctures made the Americas a greater source of needed primary products for Europe than any Asian periphery. This allowed Northwest Europe to grow dramatically in population, specialize further in manufactures, and remove labor from the land, using increased imports rather than maximizing yields. Together, coal and the New World allowed Europe to grow along resource-intensive, labor-saving paths.
Meanwhile, Asia hit a cul-de-sac. Although the East Asian hinterlands boomed after 1750, both in population and in manufacturing, this growth prevented these peripheral regions from exporting vital resources to the cloth-producing Yangzi Delta. As a result, growth in the core of East Asia's economy essentially stopped, and what growth did exist was forced along labor-intensive, resource-saving paths--paths Europe could have been forced down, too, had it not been for favorable resource stocks from underground and overseas.
Download Description
The Great Divergence brings new insight to one of the classic questions of history: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? As Ken Pomeranz shows, as recently as 1750, parallels between these two parts of the world were very high in life expectancy, consumption, product and factor markets, and the strategies of households. Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages that were only partly resolved by trade. Pomeranz argues that Europe's nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber. This made Europe's failure to use its land intensively much less of a problem, while allowing growth in energy-intensive industries. Another crucial difference that he notes has to do with trade. Fortuitous global conjunctures made the Americas a greater source of needed primary products for Europe than any Asian periphery. This allowed Northwest Europe to grow dramatically in population, specialize further in manufactures, and remove labor from the land, using increased imports rather than maximizing yields. Together, coal and the New World allowed Europe to grow along resource-intensive, labor-saving paths. Meanwhile, Asia hit a cul-de-sac. Although the East Asian hinterlands boomed after 1750, both in population and in manufacturing, this growth prevented these peripheral regions from exporting vital resources to the cloth-producing Yangzi Delta.
Customer Reviews:
Powerful data and arguments.......2007-04-26
Kenneth Pomeranz's The Great Divergence reinforces some arguments of Frank's ReOrient and reformulates some others. Like Frank, Pomeranz argues that European economy was not unusually different from or superior to the economies of China and Japan until the 19th century. Like Frank, Pomeranz also argues that the critical factors that made possible the rise of Europe were external rather than internal factors. However, unlike Frank who explained the rise of the West in the 19th century through "the fall of Asia" in the previous century, Pomeranz attributes the nineteenth-century divergence between the European economy and the Asian economies to Europe's coal and New World's land that jointly relived the ecological constraints of the nineteenth-century Europeans.
Explaining Pre-Divergence Similarities:
Pomeranz starts his book with comparisons of European and Asian economies in 16th through 18th centuries. A difference in Pomeranz's approach is that he prefers to compare "regions" rather than countries. He argues that such places as Yangzi Delta, The Kanto plain, Britain, the Netherlands, and Gujarat, shared some crucial features with each other, which they did not share with the rest of the world or subcontinent around them. Thus, he prefers to compare these special areas directly rather than within the larger "arbitrary" continental units (p. 8).
Pomeranz first demonstrates that there were no significant differences between England, China, and Japan in terms of average standards of life. Average life expectancy and calorie intake were at comparable levels in all three countries. In the same vein, the European had no superiority to Asians with respect to technology and mining. China was ahead of Europe in physical science, mathematics, and maternal and infant health. Europe's irrigation technology also lagged behind China, India, and Japan. Even as late as first half of the 19th century, Indian iron was reported to be superior to English iron (pp. 44-6). If Europe had any real technological edge in the 18th century, it was not in tools or machines, but in "instruments" such as clocks, watches, telescopes, and eyeglasses (p. 67).
Pomeranz then tries to show that differences in terms of labor and land markets in Europe and China in 16th through 18th centuries were significant and did not always favor Europe so that they would be a viable explanation for the later divergence. Indeed, overall China was closer to market economy than was most of Europe, including most of "western" Europe. Much of Western Europe's farmland was harder to buy and sell than that of China. In Yangzi Valley, for example, close to half of land was rented (p. 72-3). This was also similar in labor market. Labor was not less free in China than in Europe (pp. 80-1). Thus, Pomeranz concludes that Europe's factor markets for land and labor "seem no closer to Smithian ideas of freedom and efficiency than do those of China, and perhaps a good deal less so," (p. 107).
Part II of The Great Divergence deals with the less-analyzed issue of consumption. Pomeranz takes issue with Sombart and some others' argument that Europe a produced a unique "consumer society" that provided a demand base for industrial revolution. Pomeranz challenges the "consumer society" argument on two grounds. On the one side, he demonstrates that the rise in the European consumption of such luxury goods as tea, sugar, and tobacco was very incremental until the 19th century. He therefore asserts that imagining an irreversible "birth of a consumer society" before 1850 may be seriously misleading (p. 119). On the other side, he demonstrates that consumption of these everyday luxury goods were at comparable levels in China and Japan. The consumption of durable luxuries (furniture, pictures, china, books, jewelry, etc.) was not significantly different in these three regions either (pp. 130-1). Thus, Europe did not have any type of "consumer society" advantage vis-à-vis China and Japan that would give her a head start in the competition to rise. I should also note that European figures as to consumption of luxury goods refute the arguments on "European" miracle as well. Pomeranz demonstrates that, if anything, it was a British, and to lesser extent Dutch, revolution and not a European one until 1850 (pp. 119).
To sum up the first part, Pomeranz demonstrates that Europe was not exceptionally different from China or Japan in terms of production, market regulation, or the consumption of luxury goods. Given this similarity of internal factors, Pomeranz turns to external linkages to explain the nineteenth-century divergence.
Explaining the Divergence:
A weakness in Andre Gunder Frank's book was that he could not adequately account for the "rise of the West" in the late 18th and early 19th centuries. Frank's argument was that Asian economies were altogether facing a Kondratieff B-cycle in the first half of the 18th century and this allowed Europe to finally outdo the Asians. He therefore asserts that "the fall of Asia" preceded European political and military intervention in Asian nations (ReOrient, pp. 266-8). Pomeranz finds this argument impressionistic and discards it on the grounds that population growth and ecological effects that were argued to make China "fall" were present in Europe as well. Thus, he asserts, "if Europe was not yet in crisis, then in all likelihood China was not either," (p. 12).
Pomeranz argues that the primary problem that both European and Asian nations were facing by 18th century were the ecological constraints that resulted from increasing population and scarce land. Therefore, the real and long-lasting solution would necessitate land-saving innovations rather than labor-saving ones.
As such, industrial revolution was a cause of later European rise than result of previous European exceptionality.
A Conclusion:
When compared with Frank's ReOrient, Pomeranz's The Great Divergence is more robust and convincing in two respects. First, it does not have a "Sinocentrism" bias and argues that the pre-1800 world was "a polycentric world with no dominant center," (p. 4). Second, it tries to explain the rise of Europe in the 19th century with substantive factors rather than mysterious Kondratieff cycles. In that respect, The Great Divergence is a nice remedy to the gaps and problems in ReOrient. However, I think that Pomeranz's downplaying the importance of profits that European made through colonialism is misleading. In evaluating the role of colonial profit-extraction in Europe's rise, one should take into account its impact on the continuation and spread of industrial revolution as well as on industrial revolution itself. Even if the spark of the industrial revolution could be lighted without the profits made in the New World, the fire of industrial revolution would not have survived a couple decades if it were not for the colonial resources and markets.
povocative and meticulously researched!.......2006-05-25
The strengths: Very provocative, aiming straight at conventional wisdom, be it euro-centric or world-system ones. Solid research behind the comparative study of Europe, China, and to a lesser extend, Japan. Pomeranz gives out hard evidence in life-expectacy, birth rates, market condition, ecological stress etc., hightlighting striking similarites between these socities in the 18th century.
Some readers may have problem with his conclusion that industrialization went ahead only because Europe got lucky in the convenient location of coal and the readily available resourses of the new world. However, just because these are paramount factors does not mean that they are all it needed. Put another way, had China got the same good fortune, it does not necessarily follow that China would industrilize, nor has Pomeranz argued this way.
Weaknesses: The writing is BAD, very convoluted. However, the most important failure is that Pomeranz treats these societies as though they were static. He failed to take into consideration their difference in the RATE of change. The fact that Europe was playing a catch up to Asia through-out the middle ages, and achieved par in pre-modern time, had to imply a quicker pulse. Europe's gradual opening of the mind (reformation ,renaissance), was roughly concurrent with China's gradual closing (the advent of neo-confucianism, ossification of the civil examination system). It's hard to believe that this change of fortune had no long-lasting impact on the underlying dynamics of the societes. Culture does matter, it's just been given a bad name by the likes of Huntington and Landes:)
Europe Got Lucky.......2006-02-13
Pomeranz advances the thesis that Europe's rise to world power (instead of a potentially similar but not historically realized rise by China, Japan, or India) was not caused by any internal social advantage possessed by western Europe-at least not principally caused. Pomeranz uses extensive research to demonstrate that western Europe, China, and Japan were not fundamentally different societies at the beginning of the modern era. The author maintains that Europe had the good fortune of having the land and mineral resources of the New World available at the right time, along with the conveniently-located coal resources of England; and it is this collection of fortuitous advantages that enabled Europe to propel itself into industrial revolution and world power.
The premise of the book is promising. The meat of the book can be a bit difficult to chew. The author compares the human, energy, land, and other resources of Europe and China in great detail to make his case. The sheer volume of facts and figures can make the going slow. Still, it's worth reading all of what the author has to say.
Overall, the argument is compelling. All three societies (western Europe, China, and Japan) were faced with populations that had more-or-less come in line with the carrying capacities of their lands based on the level of technology of the day. Additional agricultural productivity could only have come with additional inputs of labor into the existing stock of land. This is essentially what happened in China. Western Europe, led by England, went the way of labor-saving techniques and technologies that would not have been practicable without access to the additional agricultural potential and mineral wealth of the New World. Other factors, such as financial institutions and internal competition fade in importance before the simple math of carrying capacity.
The Great Divergence is quality reading. One does not have to agree with everything contained in the book to absorb the basic point: Europe got lucky. Be prepared to wade through an appropriately generous supply of facts and figures to back Pomeranz's claim.
nonsense.......2005-12-05
In "The Great Divergence", Kenneth Pomeranz presents an exhaustive investigation of the minutest differences and similarities in development of China and Western Europe. His claim, and stated objective, is to show that Europe's emergence as a preeminent power was the result of privileged access to overseas colonies, exploitation of non-Europeans, and a fortunate `geographic accident' of the location of coal in England. However, considering China's significant, and much earlier, developments in science, technology, and shipping, not to mention their huge deposits of coal, and its use some 600 years before the Europeans to make iron, it's difficult to understand Pomeranz's rationalization of those claims and ultimately the whole point of his book.
His specialty and interests clearly lie in China. In this book he attempts to shed a somewhat biased benevolent light on China by explaining the violent circumstances that led to the industrial revolution in Europe, and why it didn't happen in China. He presents a comparative analysis in such close, tortuous, detail that he becomes myopic in drawing his conclusions. His joy and skill clearly lie in analysis, rather than synthesis, and in the process, and among the ensuing debris, he loses a view of the whole as processes of nation building rather than competing sets of historical data. The outcome notwithstanding, he consistently paints each step in the process of growth in Europe and its colonies as a violent and ugly stepsister to a more sophisticated, benign version taking place in China. All of which may be true, but he discounts the effects of institutions, capital markets, capital accumulation, and regulatory competition in Europe as having marginal effect on the difference in outcome between the two areas because in his opinion what was happening in Europe was so similar to what was going on in China. He states that "European science, technology, and philosophical inclinations alone do not seem an adequate explanation, and alleged differences in economic institutions seem largely irrelevant".
Regulatory competition in Europe, for Pomeranz, equates to military competition. Although it could be argued from a more objective perspective that military research and development regularly spins off technological advances applicable in commercial areas, Pomeranz claims that in Europe `the net effect of warfare on technological innovation is likely to have been negative'. Clearly not true, but his argument about it possibly killing off other inventors was kind of funny. The development of institutions and property rights arising from this competition for him equals only the purchases of position, interference of guild control, and the granting monopoly privileges. He claims that all served to keep prices high, limit the extent of markets, and restrict output. The most positive function of `military' competition seen by Pomeranz is in the overseas projection of power. This lies in contrast to his claim that China was engaged in competitive trade with low margins, unprivileged by the state, that couldn't generate enough profits to finance a European style military capitalism. Here he ignores the Chinese obsession with intensive land use to feed its armies. The vast differences between the European states and the diversity of politics, social constructs, and institutions therein will show that had any single one of them been dominant the story of Europe, and the world, would have been very much different. Had the Chinese the benefit of this fracture, the voyages of Zheng He would have been continued, but when he died, the Confucians were regaining power and There was no political or spiritual will to continue. They felt that other nations had nothing to offer the already prosperous Chinese and they had no need to conquer their souls. Their voyages were ended, their fleets were dismantled and they turned inward. It became a crime to set sail from China in a multi-masted ship. This was their choice. One nation, one choice. Had there been competition among states in China, someone, somewhere would have chosen to continue.
As far as ethical systems and ideology are concerned, Pomeranz doesn't consider the consequences of differing motivation but only writes that philosophical inclinations do not seem an adequate explanation of divergent paths. Lost in analysis of the details of the similarities, here he misses the significance of the differences. Arguing that they were too small to create the large disparities in outcomes, he fails to ask whether those differences were what led to different choices. The differences in the ethical systems of Christian Western Europe and Confucian, Buddhist, and Taoist China are enormous. The differences in the choices made within the context of those systems, especially within the protestant reformation and the creation of the Church of England, are significant. Pomeranz claims that ideology, or `philosophical inclinations', can't explain the different outcomes in the fortunes of China and Europe, but it was ideology and philosophy that led to the divergence in their development paths. Western Europe's history of fighting Muslims to keep them at bay and out of Europe established their crusading zeal to protect themselves by trying to convert everyone they could find. They embodied this fear and hegemonic drive and made Christian solipsism an imperative part of their culture. Vasco Da Gama said that the objectives of his voyages were "Christians and Spices". This dogmatic drive of the Europeans and their churches' implicit consent of their conquests and colonialism lent a higher power to their expansion. The Chinese chose not to continue their voyages. The Europeans were on a mission from God.
In this book, great tenaciousness in presenting historical data meets an astounding lack of insight into behavior and economics, and leaves the reader (at least me anyway) wondering why it was written in the first place.
Somewhat Innovative, Hard to Read.......2005-11-24
This book does a good job of criticizing many Anglo-centric explanations of why Europeans industrialized first by providing detailed evidence that the area near the Yangzi river delta was mostly as advanced as England when England started the industrial revolution.
It does a less convincing job of arguing that coal and new world land were the main reasons for England's success. I'm tempted to believe that American sugar provided desperately needed calories to break out of a Malthusian trap, but the evidence doesn't show that became significant until the industrial revolution had already started.
Conveniently located coal undoubtedly gave England a boost, but not a big enough boost that there is a practical way to decide it was more important than the numerous cultural differences which might have given England the edge it needed.
The book makes a serious effort to dismiss those cultural explanations, but is not thorough enough. In particular, I'm disappointed with the cryptic way that it dismisses the relevance of the ideas in Helmut Schoeck's book Envy.
The style is often deadening, with lengthy descriptions of details whose relevance is unobvious.
Book Description
This book about China's integration into the world economy proposes a radically different perspective. Most economists view China's large foreign direct investment (FDI) inflows as the result of China's economic success. This study views the same phenomenon as a function of the imperfections in the Chinese economic system. It uses economic theory to explain FDI to a greater extent than previous studies on the same topic. It also presents comparative FDI data of additional countries, making it more comprehensive than previous studies which focused only on China.
Download Description
This book about China's integration into the world economy proposes a radically different perspective. Most economists view China's large foreign direct investment (FDI) inflows as the result of China's economic success. This study views the same phenomenon as a function of the imperfections in the Chinese economic system. It uses economic theory to explain FDI to a greater extent than previous studies on the same topic. It also presents comparative FDI data of additional countries, making it more comprehensive than previous studies which focused only on China.
Customer Reviews:
It's not just another view ..........2004-02-06
I find Prof Huang's "Selling China" much more than just an academic achievement which it is -- with its disciplined arguments supported by a wealth of well-researched facts.
After 18 years of working on the Greater China scene -- most of it foreign investment related, for me, the greatest value of the book is its main theme -- that the large inflow of FDI over the years reflects weaknesses rather than strengths of the Chinese system. It is not just another point of view in the already overcrowded gallery of China commentary. For me, the well-argued and well-researched "unconventional" view answers some of the key China investment related questions at a very practical level, and should have important implications for government policy making and corporate decision making alike.
the year's best book on china.......2004-02-06
I have seen a number of rave reviews for this book in various economic journals and now I have read the book myself. This is a must read for those who wishes to gain a deep understanding of China's fast-evolving economic and business landscape. I also recommend it to readers who are interested in an unconventional and novel take on foreign direct investment
Book Description
An examination of the political economy of agricultural development in Iran during the oil-boom period of the 1960s and 1970s. The author focuses on two interdependent aspects of agricultural development: structural changes in property and labour relations, and productive efficiency and growth of output.
Basing her approach on a consideration of the political, social and historical contexts of change, the author shows how developments in the agricultural sector affected the broader society. The period under study is initially marked by the consolidation and enhancement of the power of the monarchy, and ends with its downfall in 1979. Moghadam argues that structural changes in property and labour relations in the agricultural sector help account for the revolution and for the active role of the "ulamar" in it.
Book Description
Organization Theory offers a clear and comprehensive introduction to the study of organizations and organizing processes. It encourages an even-handed appreciation of the different perspectives contributing to our knowledge of organizations and challenges readers to broaden their intellectual reach. Organization Theory is in three parts: BL Part I introduces the multi-perspective approach. BL Part II presents many ways in which organizations can be analyzed - as entities within an environment, as social structures, technologies, cultures and physical structures, and as the products of power and political processes. BL Part III explores applications of organization theory to the practical matters of organizational design and change, and introduces the latest perspectives on the horizons of organization theory, including complex adaptive systems, organizational identity theory, critical realism, network theory, aesthetics, and organizational learning. Online Resource Centre For lecturers: PowerPoint slides, exam questions, teachig suggestions, a discussion forum, case studies and exercises with instructor's notes. For Students: annotated web links, and discussion questions.
Customer Reviews:
MUCH less painful than others on this subject.......2007-09-09
This book is very readable. Some of the books and papers on organizational theory are so dense that they are practically unreadable. This one effectively conveys the information the author wants you to understand. This is not a pointless book. I can't say that about most of the others I've had to read on organizational theory.
Organization Theory Resource.......2007-07-21
This book is required reading for a graduate OD course I completed this summer. Using the organizational theory perspectives of modernist, symbolic and post modernist, the author carefully guides and builds on theories that support these perspectives. In the end, it give professional change experts a foundation for recommendations. I will continue to use this book as a reference for my internal and external OD/OT work.
Average customer rating:
|
In the Shadow of South Africa: Lesotho's Economic Future (Making of Modern Africa)
Mats Lundahl ,
Colin L. McCarthy , and
Lennart Petersson
Manufacturer: Ashgate Publishing
ProductGroup: Book
Binding: Hardcover
 Development & Growth
| Economics
| Business & Investing
| Subjects
| Books
Economic Conditions
| Economics
| Business & Investing
| Subjects
| Books
International
| Economics
| Business & Investing
| Subjects
| Books
General
| Popular Economics
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
Economic Conditions
| International
| Business & Investing
| Subjects
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
ASIN: 0754634612 |
Books:
- Inequality Reexamined (Russell Sage Foundation Books)
- Leadership and Governance from the Inside Out
- Leadership on the Line: A Guide for Front Line Supervisors, Business Owners, and Emerging Leaders, 2nd Edition
- Leaving Microsoft to Change the World: An Entrepreneur's Odyssey to Educate the World's Children
- Left To Tell: Discovering God Amidst the Rwandan Holocaust
- Legal Environment of Business: A Critical Thinking Approach (4th Edition)
- Liar's Poker: Rising Through the Wreckage on Wall Street
- Life Lessons: Two Experts on Death and Dying Teach Us About the Mysteries of Life and Living
- Linked: How Everything Is Connected to Everything Else and What It Means
- Little Labels--Big Sound: Small Record Companies and the Rise of American Music
Books Index
Books Home
Recommended Books
- The Republic according to John Marshall Harlan
- Preschooler's Busy Book: 365 Creative Games & Activities To Occupy 3-6 Year Olds
- Distorted Images: British National Identity and Film in the 1920s
- Enterprise Integration Modeling: Proceedings of the First International Conference
- Harvard Business Review on Change
- New X-Men Omnibus
- Lonely Planet France
- Accounting and Human Information Processing
- Empire with Imperialism: The Globalizing Dynamics of Neoliberal Capitalism
- Field Guide to Mammals of Southern Africa
China Shakes the World: A Titan's Rise and Troubled Future -- and the Challenge for America
Planet India: How the Fastest Growing Democracy Is Transforming America and the World
The Black Swan: The Impact of the Highly Improbable
The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us
Sacred Games: A Novel
