Customer Reviews

Barriers to Riches (Walras-Pareto Lectures)

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Parente and Prescott use simple language to explain the cause of the large income difference between developing countries and developed countries. In daily medias like TV and propaganda, the difference is attributed to exploitation of the rich countries on poor countries. Also these exploitation will capture the little accumulated capital in poor countries that is the fuel of their economics growth. But Parente and Prescott use both data and economics theory to show that the true cause of poverty in developing countries is government granted "MONOPLY". If the developing countries still think that they need to protect their existing industries by Monopoly so that their workers can receive more. They are actually cutting the income of the workers in future. I highly recommend all those people who want to help the poor in developing countries to read this book so that they learn the correct way to help the poor.

chris tam
hong kong

It is a must read for people interested in Economics and also those who want to work in developing countries and not so rich countries.