Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him--he has diplomatic immunity. He's the Chinese smuggler who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid.
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Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Economic Gangsters by Ray Fisman. Edward Miguel. Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him--he has diplomatic immunity.
He's the Chinese smuggler who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the develop Meet the economic gangster. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid.
The calculating crook who views stealing and murder as just another part of his business strategy. And, in the wrong set of circumstances, he might just be you. In Economic Gangsters , Raymond Fisman and Edward Miguel take readers into the secretive, chaotic, and brutal worlds inhabited by these lawless and violent thugs. Join these two sleuthing economists as they follow the foreign aid money trail into the grasping hands of corrupt governments and shady underworld characters.
Spend time with ingenious black marketeers as they game the international system. Follow the steep rise and fall of stock prices of companies with unseemly connections to Indonesia's former dictator.
See for yourself what rainfall has to do with witch killings in Tanzania--and more. Fisman and Miguel use economics to get inside the heads of these "gangsters," and propose solutions that can make a difference to the world's poor--including cash infusions to defuse violence in times of drought, and steering the World Bank away from aid programs most susceptible to corruption. Take an entertaining walk on the dark side of global economic development with Economic Gangsters.
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Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Feb 10, Nils rated it liked it Shelves: deviant-globalization , development.
Written by a protege of Jeff Sachs, this book adopts a quasi-travelogue "you are there" approach to reporting on the economic underpinnings and implications of the various seemingly noneconomic challenges facing the poor in the Global South.
It's not really a book about development, so much as it us a book about global poverty, and it's basic thesis is right there in the title: the central source of the miseries of the world's poor from civil wars to climate change to witchcraft persecutions i Written by a protege of Jeff Sachs, this book adopts a quasi-travelogue "you are there" approach to reporting on the economic underpinnings and implications of the various seemingly noneconomic challenges facing the poor in the Global South.
It's not really a book about development, so much as it us a book about global poverty, and it's basic thesis is right there in the title: the central source of the miseries of the world's poor from civil wars to climate change to witchcraft persecutions is economic thuggery.
It's a crypto-Marxist hermeneutic of suspicion — at bottom, the world's evils are caused by base economic motives — repackaged as a set of micro-policy prescriptions rooted in a disconcertingly cheerful and sometimes almost sententious neoliberal nostrums e. Not that the ultimate conclusions lack any merit, but the writing and analytic level appears designed for earnest and bright high school juniors. Feb 25, Hardik Lohani rated it really liked it. What are Economic Gangsters?
They are the maladies that cripple economies and doom people into miseries. This book has very easy approach in explaining the root causes of poverty and destitute in parts of world like East Asia in 80s and Sahel-Sub Saharan Africa for very long time. Corruption; is it cultural thing ingrained in human minds of certain people or is it ever changing approach which disappears in accordance with overall improvement in human life standards like rising standard of educ What are Economic Gangsters?
Corruption; is it cultural thing ingrained in human minds of certain people or is it ever changing approach which disappears in accordance with overall improvement in human life standards like rising standard of education? There are many theories which are craftily presented to show how various factors contribute to poverty.
Some ideas like dry weather being a catalyst factor to increase likelihood of civil strife in arid deserts of Africa where nothing grows and people turn to violence. Other cultural malpractices like witch hunting in Tanzania and Indian Northern states Bihar, UP are really not cultural but more aligned with economic mindset.
So, there are other ideas in line with these and are very interesting. Overall book is an easy read, useful to understand why poor remain poor for very long time.
Poverty-violence- more poverty-more violence: circle of doom! Jul 16, Vince rated it liked it. I might be a little unkind in my rating as I went into the book with high expectations, an internation freakonomics, and the book falls short. Some of the data is mis interperted. For example the writers go on how when Indonesia's ruler was sick certain stocks went down.
They assumed that this meant that these companies were involved with corruption to a greater level than others. That could be true or it could be that the markets just assume new leadership might make changes that would impact d I might be a little unkind in my rating as I went into the book with high expectations, an internation freakonomics, and the book falls short.
That could be true or it could be that the markets just assume new leadership might make changes that would impact different companies in different ways. For example a John McCain victory in this country would certainlly have been a boon to the military industrial complex.
However I am happy that I read it at this juncture in time after moving to Kenya, because it has many historical references about this country. The book makes a good case for the thesis that development is possible wherever governance is generally good and free of corruption.
It cites many examples about the effect of corruption in Asia and Africa and gives examples of places where development and change worked despite the scourges of poverty and war Vietnam and Botswana. There are also many examples of failure, like Iraq. The authors also give some evidence that economic hardships may be one of the underlying reasons behind civil wars, witch killings and even genocide.
I found the history, the stories and the economic experiments fascinating. This book, however would be more useful as reading material, as it often cites numbers and statistics that I would like to see and ponder black and white. These are hard to grasp fully when listened to. Dec 15, Curt Buchmeier rated it liked it Shelves: true-crime , non-fiction.
Pretty good read, found my mind wandering after about 5 pages or thereabouts so it took me awhile to get thru this one.
Tough subject; trying to scientifically measure corruption in various parts of the world. I commend the authors for a noble effort. Economists are not known for page-turners. I would recommend to others interested in social justice. However, the 'solutions' are as unlikely as taking money out of the election process in the US. Jun 15, Ami Iida rated it liked it Recommends it for: economics incentives, economics development. Shelves: economics.
This book is useful to think about the economic incentives. Jun 20, M rated it liked it. Coming from Kenya and reading this nine years after it was written, there's still a direct variation between economic growth and the 'Economic Gangsters', both are on the rise. Otherwise, it was a good read and insightful.
Jun 09, Federico Romero rated it really liked it. It's a good attempt of providing information about corruption and poverty.
It throws interesting information and data. Jul 17, Dylan Groves rated it it was ok. Jan 23, Nicole added it. Fisman and Miguel aim to "As Raymond Fisman and Edward Miguel explain at the beginning of their book, there are two main currents of thinking among those who opine on the wisdom of foreign aid: the ""poverty trap"" view, which holds that aid must be injected to end a vicious cycle in which inability to save leads to disaster in lean years, and the view that more such aid is simply sending good money after bad, straight into the hands of corrupt officials to be funneled away or otherwise wasted.
Fisman and Miguel aim to look at corruption and violence in developing countries to determine how prevalent such evils are, how they are caused, and how they can be prevented--and, therefore, what the best way, non-ideologically-speaking, of raising up poor nations might be. No one reports the bribes he takes on his income tax returns. So Fisman and Miguel have to come up with creative means of measuring corruption of various types, and this is the most fun part of their book. Economic Gangsters is completely accessible to the general reader, with virtually no economic jargon or concepts more difficult than ""incentives matter,"" but it perfectly captures the exciting, puzzle-solving nature of this kind of academic research.
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