{"title":"Hilton L. Root","description":"\u003cp\u003eHilton L. Root’s works explore the intricate dynamics of economic systems and governance, blending rigorous analysis with insightful perspectives on institutional development. Readers can expect a thoughtful examination of how political and economic interests intersect, particularly in areas such as market regulation and collusion.\u003c\/p\u003e\n\n\u003cp\u003eRoot’s contributions to the \u003cem\u003eEducation \u0026amp; Reference\u003c\/em\u003e category invite readers to deepen their understanding of complex societal structures, making his books essential for those interested in the mechanisms of capital, power, and policy formation.\u003c\/p\u003e","products":[{"product_id":"capital-and-collusion-by-hilton-l-root-9780691171180","title":"Capital and Collusion","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eWhy does capital formation often fail to occur in developing countries? \u003cem\u003eCapital and Collusion\u003c\/em\u003e explores the political incentives that either foster growth or steal nations' growth prospects. Hilton Root examines the frontier between risk and uncertainty, analysing the forces driving development in both developed and undeveloped regions.\u003c\/p\u003e\n\n\u003cp\u003eIn the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialise in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between a poor nation's savings and its investment.\u003c\/p\u003e\n\n\u003cp\u003eAs a consequence, the developing world faces a growing disconnect between the value of its resources and the availability of finance. What are the remedies for eliminating this disparity? Root shows us how to close the growing wealth gap among nations by building institutions that convert uncertainty into risk.\u003c\/p\u003e\n\n\u003cp\u003eComparing China to India, Latin America to East Asia, and contemporary to historical cases, he offers lessons that can help the World Bank and the International Monetary Fund to tackle the political incentives that are the source of poor governance in developing nations.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47595930648812,"sku":"9780691171180","price":72.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9759658b1f1d6a31d604a706debf39b1.jpg?v=1777932846"}],"url":"https:\/\/bookhero.co.nz\/collections\/hilton-l-root.oembed","provider":"Book Hero","version":"1.0","type":"link"}