The Politics of Technological Progress : Parties, Time Horizons and Long-term Economic Development

By offering a new theory of economic development, this book will appeal to anyone interested in the fate of developing societies. By highlighting the role of political parties, it will also appeal to those interested in the immensely important roles those organizations play in society.

Why are some countries richer than others and why do some economies grow more rapidly? The Politics of Technological Progress answers these vital questions by highlighting the importance of technological progress for sustained economic development. The author also explains why some countries exhibit faster technological progress than others. Armed with a wealth of cross-national empirical evidence, Professor Simmons stresses the importance of properly constructed political parties for establishing an environment conducive to technological progress. 'Well-institutionalized' ruling parties are essential for technological progress, he argues, because only in such parties are time horizons long enough for governments to accept the deferred returns that are an inherent feature of government efforts to encourage innovation and technology adoption in the economy.