Oxford University Press - The Role of Elites in Economic Development

Understand the powerful impact that elite groups have on national growth and development outcomes. While a country's natural resources and endowments set the stage for growth, the actual path a nation takes is often determined by the decisions made by its leaders and influential figures. This volume from the WIDER Studies in Development Economics series examines the core questions surrounding elite influence. It explores why some elites prioritize national welfare while others focus on individual gain. The text investigates how these groups perceive poverty and whether their current choices are limited by the institutions and norms built in previous eras. Through detailed case studies ranging from South Africa to China, this book provides a deep look into the dynamics of economic decision-making. It is a valuable resource for anyone studying how power structures shape the economic future of developing nations.