Prologue: Origins of the Liberal Nation-State; 1: The Rule of Law, the Evolution of the Common Law, and King in Parliament; 2: The Decline of Feudalism and the Rise of Free Labor, Private Property, and the Market; 3: Separation of Faith and Governance, the Rise of Literacy, and the Emergence of Civil Society; 4: The Autonomy of Credit and Finance; 5: The Complex Quest for Economic Growth 1; 6: Steps and Missteps in Nation Building; 7: The Rule of Law and Matters of Good Governance; 8: Privatization and the Expansion of the Middle Class; 9: Nurturing Civil Society and Tolerance; 10: Money, Credit, and Transactions—Enabling Financial Development; 11: Economic Growth and Inequality; Epilogue: Nation Building and the Security of Freedom
Mack Ott
-Ott (international economic consultant; former academician) offers
a spirited defense of civil and political liberties, property
rights, and wealth creation as a handmaiden for world peace. The
first half of the book deals with the history of the development of
the liberal nation-state and market economy. Ott describes the
institutions underpinning the modern nation-state and where they
originated (mostly in England); the growth of property rights
necessary for the functioning of a market economy; the rise of
literacy and civil society; the development of finance; and the
quest for sustained economic growth and its relationship to income
inequality. The sixth chapter provides a review of the success and
failure of policies in selected less developed countries. Chapters
in the second half of the book discuss policies to create the
institutions necessary for nation building. The analysis revolves
around the importance of good governance; the beneficial effects of
privatization of state-owned enterprises; the costs and benefits of
nurturing civil society; the role of salubrious fiscal and monetary
policies; and the effects of income redistribution on economic
growth. The epilogue includes a brief discussion of China, noting
that the government may bend--gradually, to calls for greater
democracy. Summing Up: Recommended.- --S. Paul, Choice -In this
paradigm-busting exploration of the roots of the liberal
nation-state, Ott, an international economic consultant and policy
advisor who has taught at universities around the world, picks
apart the very foundations of the Western model to get to the heart
of the societal, political, and economic developments that enabled
the modern liberal, democratic nation-state to emerge and evolve,
with a view toward understanding what is wrong with current foreign
assistance and development policies. Ott questions and deconstructs
the prevailing Western developmental paradigm used by the World
Bank, the International Monetary Fund, and the US and other donor
nations and offers political and economic advice for policy makers
in the West who are dealing with the challenges of the developing
world. Cases compare the policies of five pairs of less-developed
countries over the past twenty years, illustrating the contrasting
effects of these policy stances on law, property, civil and
economic liberties, and economic growth. The author concludes with
steps for creating the institutions required for nation building
and warns of the dangers to democracy for not taking these steps.-
--Book News -The basic lesson is that a liberal nation-state is
required to nurture economic development. Ott provides a list of
key characteristics. It includes the rule of law, private property
and a substantial middle class, religious tolerance and the
separation of legislative and executive powers, which permits the
development of sound fiscal and monetary policies. Ott argues that
these factors, first developed in England between the Norman
Conquest and around 1700, explain the country's economic takeoff
and should be the model for today's developing countries.- --Martin
Hutchinson, Reuters Breaking Views -The Political Economy of Nation
Building clearly and carefully demonstrates that several other
institutions must be in place before a universal-suffrage democracy
can be effectively established. In fact, successful democracies are
the end result of long evolutionary processes that includes prior
development of rule of law, separation of powers, private property
and strong middle class, a vibrant civil society, an autonomous
financial/credit system and separation of religion and the state.
This book should be read with great care by decision-makers in the
US State Department, the World Bank, the IMF, and every other
organization attempting to spread democracy around the world by
demanding its establishment as a condition for receiving
development aid, or through the use of or threat to use military
force. Foundations must be in place before a roof can be built.-
--Bruce L. Benson, DeVoe Moore and Distinguished Research
Professor, department of economics, Florida State University
-Thanks to a remarkable coincidence of experience and interests,
Mack Ott has produced a book that is both timely and insightful.
Many scholars carry with them academic backgrounds in economics and
hands-on experience in less-developed countries. Ott's uniqueness
comes in joining them with a lifelong love of history. Taken
together they provide a perspective from which he derives
remarkable insights about both old and new nations, and about their
many possible futures.- --Robert Michaels, professor of economics,
California State University, Fullerton -Americans, notoriously,
'don't do nation-building.' At least, they don't like doing it
outside their hemisphere. But here comes Mack Ott to take over
where Francis Fukuyama gave up, with The Political Economy of
Nation-Building. It's . . . a thoughtful analysis of liberal
democracy and how emerging economies can get there, especially
post-9/11 and after the financial crisis of 2008. . . . Mack firmly
believes in the message of spreading prosperity world-wide . . .
and he sets out clearly the reasons why he believes nation states
will survive and outlive the emerging modern networks and trends
towards world governance.- --Adrian P. Hewitt, head of the ODI
Fellowship Scheme; research fellow, Overseas Development
Institute
"Ott (international economic consultant; former academician) offers
a spirited defense of civil and political liberties, property
rights, and wealth creation as a handmaiden for world peace. The
first half of the book deals with the history of the development of
the liberal nation-state and market economy. Ott describes the
institutions underpinning the modern nation-state and where they
originated (mostly in England); the growth of property rights
necessary for the functioning of a market economy; the rise of
literacy and civil society; the development of finance; and the
quest for sustained economic growth and its relationship to income
inequality. The sixth chapter provides a review of the success and
failure of policies in selected less developed countries. Chapters
in the second half of the book discuss policies to create the
institutions necessary for nation building. The analysis revolves
around the importance of good governance; the beneficial effects of
privatization of state-owned enterprises; the costs and benefits of
nurturing civil society; the role of salubrious fiscal and monetary
policies; and the effects of income redistribution on economic
growth. The epilogue includes a brief discussion of China, noting
that the government may bend--gradually, to calls for greater
democracy. Summing Up: Recommended." --S. Paul, Choice "In this
paradigm-busting exploration of the roots of the liberal
nation-state, Ott, an international economic consultant and policy
advisor who has taught at universities around the world, picks
apart the very foundations of the Western model to get to the heart
of the societal, political, and economic developments that enabled
the modern liberal, democratic nation-state to emerge and evolve,
with a view toward understanding what is wrong with current foreign
assistance and development policies. Ott questions and deconstructs
the prevailing Western developmental paradigm used by the World
Bank, the International Monetary Fund, and the US and other donor
nations and offers political and economic advice for policy makers
in the West who are dealing with the challenges of the developing
world. Cases compare the policies of five pairs of less-developed
countries over the past twenty years, illustrating the contrasting
effects of these policy stances on law, property, civil and
economic liberties, and economic growth. The author concludes with
steps for creating the institutions required for nation building
and warns of the dangers to democracy for not taking these steps."
--Book News "The basic lesson is that a liberal nation-state is
required to nurture economic development. Ott provides a list of
key characteristics. It includes the rule of law, private property
and a substantial middle class, religious tolerance and the
separation of legislative and executive powers, which permits the
development of sound fiscal and monetary policies. Ott argues that
these factors, first developed in England between the Norman
Conquest and around 1700, explain the country's economic takeoff
and should be the model for today's developing countries." --Martin
Hutchinson, Reuters Breaking Views "The Political Economy of Nation
Building clearly and carefully demonstrates that several other
institutions must be in place before a universal-suffrage democracy
can be effectively established. In fact, successful democracies are
the end result of long evolutionary processes that includes prior
development of rule of law, separation of powers, private property
and strong middle class, a vibrant civil society, an autonomous
financial/credit system and separation of religion and the state.
This book should be read with great care by decision-makers in the
US State Department, the World Bank, the IMF, and every other
organization attempting to spread democracy around the world by
demanding its establishment as a condition for receiving
development aid, or through the use of or threat to use military
force. Foundations must be in place before a roof can be built."
--Bruce L. Benson, DeVoe Moore and Distinguished Research
Professor, department of economics, Florida State University
"Thanks to a remarkable coincidence of experience and interests,
Mack Ott has produced a book that is both timely and insightful.
Many scholars carry with them academic backgrounds in economics and
hands-on experience in less-developed countries. Ott's uniqueness
comes in joining them with a lifelong love of history. Taken
together they provide a perspective from which he derives
remarkable insights about both old and new nations, and about their
many possible futures." --Robert Michaels, professor of economics,
California State University, Fullerton "Americans, notoriously,
'don't do nation-building.' At least, they don't like doing it
outside their hemisphere. But here comes Mack Ott to take over
where Francis Fukuyama gave up, with The Political Economy of
Nation-Building. It's . . . a thoughtful analysis of liberal
democracy and how emerging economies can get there, especially
post-9/11 and after the financial crisis of 2008. . . . Mack firmly
believes in the message of spreading prosperity world-wide . . .
and he sets out clearly the reasons why he believes nation states
will survive and outlive the emerging modern networks and trends
towards world governance." --Adrian P. Hewitt, head of the ODI
Fellowship Scheme; research fellow, Overseas Development
Institute
"Ott (international economic consultant; former academician) offers
a spirited defense of civil and political liberties, property
rights, and wealth creation as a handmaiden for world peace. The
first half of the book deals with the history of the development of
the liberal nation-state and market economy. Ott describes the
institutions underpinning the modern nation-state and where they
originated (mostly in England); the growth of property rights
necessary for the functioning of a market economy; the rise of
literacy and civil society; the development of finance; and the
quest for sustained economic growth and its relationship to income
inequality. The sixth chapter provides a review of the success and
failure of policies in selected less developed countries. Chapters
in the second half of the book discuss policies to create the
institutions necessary for nation building. The analysis revolves
around the importance of good governance; the beneficial effects of
privatization of state-owned enterprises; the costs and benefits of
nurturing civil society; the role of salubrious fiscal and monetary
policies; and the effects of income redistribution on economic
growth. The epilogue includes a brief discussion of China, noting
that the government may bend--gradually, to calls for greater
democracy. Summing Up: Recommended." "--"S. Paul, " Choice" "In
this paradigm-busting exploration of the roots of the liberal
nation-state, Ott, an international economic consultant and policy
advisor who has taught at universities around the world, picks
apart the very foundations of the Western model to get to the heart
of the societal, political, and economic developments that enabled
the modern liberal, democratic nation-state to emerge and evolve,
with a view toward understanding what is wrong with current foreign
assistance and development policies. Ott questions and deconstructs
the prevailing Western developmental paradigm used by the World
Bank, the International Monetary Fund, and the US and other donor
nations and offers political and economic advice for policy makers
in the West who are dealing with the challenges of the developing
world. Cases compare the policies of five pairs of less-developed
countries over the past twenty years, illustrating the contrasting
effects of these policy stances on law, property, civil and
economic liberties, and economic growth. The author concludes with
steps for creating the institutions required for nation building
and warns of the dangers to democracy for not taking these steps."
--Book News "The basic lesson is that a liberal nation-state is
required to nurture economic development. Ott provides a list of
key characteristics. It includes the rule of law, private property
and a substantial middle class, religious tolerance and the
separation of legislative and executive powers, which permits the
development of sound fiscal and monetary policies. Ott argues that
these factors, first developed in England between the Norman
Conquest and around 1700, explain the country's economic takeoff
and should be the model for today's developing countries." --Martin
Hutchinson, Reuters Breaking Views "The Political Economy of Nation
Building clearly and carefully demonstrates that several other
institutions must be in place before a universal-suffrage democracy
can be effectively established. In fact, successful democracies are
the end result of long evolutionary processes that includes prior
development of rule of law, separation of powers, private property
and strong middle class, a vibrant civil society, an autonomous
financial/credit system and separation of religion and the state.
This book should be read with great care by decision-makers in the
US State Department, the World Bank, the IMF, and every other
organization attempting to spread democracy around the world by
demanding its establishment as a condition for receiving
development aid, or through the use of or threat to use military
force. Foundations must be in place before a roof can be built."
--Bruce L. Benson, DeVoe Moore and Distinguished Research
Professor, department of economics, Florida State University
"Thanks to a remarkable coincidence of experience and interests,
Mack Ott has produced a book that is both timely and insightful.
Many scholars carry with them academic backgrounds in economics and
hands-on experience in less-developed countries. Ott's uniqueness
comes in joining them with a lifelong love of history. Taken
together they provide a perspective from which he derives
remarkable insights about both old and new nations, and about their
many possible futures." --Robert Michaels, professor of economics,
California State University, Fullerton "Americans, notoriously,
'don't do nation-building.' At least, they don't like doing it
outside their hemisphere. But here comes Mack Ott to take over
where Francis Fukuyama gave up, with The Political Economy of
Nation-Building. It's . . . a thoughtful analysis of liberal
democracy and how emerging economies can get there, especially
post-9/11 and after the financial crisis of 2008. . . . Mack firmly
believes in the message of spreading prosperity world-wide . . .
and he sets out clearly the reasons why he believes nation states
will survive and outlive the emerging modern networks and trends
towards world governance." --Adrian P. Hewitt, head of the ODI
Fellowship Scheme; research fellow, Overseas Development
Institute
"In this paradigm-busting exploration of the roots of the liberal
nation-state, Ott, an international economic consultant and policy
advisor who has taught at universities around the world, picks
apart the very foundations of the Western model to get to the heart
of the societal, political, and economic developments that enabled
the modern liberal, democratic nation-state to emerge and evolve,
with a view toward understanding what is wrong with current foreign
assistance and development policies. Ott questions and deconstructs
the prevailing Western developmental paradigm used by the World
Bank, the International Monetary Fund, and the US and other donor
nations and offers political and economic advice for policy makers
in the West who are dealing with the challenges of the developing
world. Cases compare the policies of five pairs of less-developed
countries over the past twenty years, illustrating the contrasting
effects of these policy stances on law, property, civil and
economic liberties, and economic growth. The author concludes with
steps for creating the institutions required for nation building
and warns of the dangers to democracy for not taking these steps."
--Book News "The basic lesson is that a liberal nation-state is
required to nurture economic development. Ott provides a list of
key characteristics. It includes the rule of law, private property
and a substantial middle class, religious tolerance and the
separation of legislative and executive powers, which permits the
development of sound fiscal and monetary policies. Ott argues that
these factors, first developed in England between the Norman
Conquest and around 1700, explain the country's economic takeoff
and should be the model for today's developing countries." --Martin
Hutchinson, Reuters Breaking Views "The Political Economy of Nation
Building clearly and carefully demonstrates that several other
institutions must be in place before a universal-suffrage democracy
can be eff
"The Political Economy of Nation Building clearly and carefully
demonstrates that several other institutions must be in place
before a universal-suffrage democracy can be effectively
established. In fact, successful democracies are the end result of
long evolutionary processes that includes prior development of rule
of law, separation of powers, private property and strong middle
class, a vibrant civil society, an autonomous financial/credit
system and separation of religion and the state. This book should
be read with great care by decision-makers in the US State
Department, the World Bank, the IMF, and every other organization
attempting to spread democracy around the world by demanding its
establishment as a condition for receiving development aid, or
through the use of or threat to use military force. Foundations
must be in place before a roof can be built." --Bruce L. Benson,
DeVoe Moore and Distinguished Research Professor, department of
economics, Florida State University "Thanks to a remarkable
coincidence of experience and interests, Mack Ott has produced a
book that is both timely and insightful. Many scholars carry with
them academic backgrounds in economics and hands-on experience in
less-developed countries. Ott's uniqueness comes in joining them
with a lifelong love of history. Taken together they provide a
perspective from which he derives remarkable insights about both
old and new nations, and about their many possible futures."
--Robert Michaels, professor of economics, California State
University, Fullerton "Americans, notoriously, 'don't do
nation-building.' At least, they don't like doing it outside their
hemisphere. But here comes Mack Ott to take over where Francis
Fukuyama gave up, with The Political Economy of Nation-Building.
It's . . . a thoughtful analysis of liberal democracy and how
emerging economies can get there, especially post-9/11 and after
the financial crisis of 2008. . . . Mack firmly believes in the
message
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