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Item Details
Title: THE QUEST FOR PROSPERITY
HOW DEVELOPING ECONOMIES CAN TAKE OFF
By: Justin Yifu Lin
Format: Hardback

List price: £22.95


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ISBN 10: 0691155895
ISBN 13: 9780691155890
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 31 August, 2012
Pages: 344
Description: How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In this book, the author - the first non-Westerner to be chief economist of the World Bank - focuses on what developing nations can do to help themselves.
Synopsis: How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin--the first non-Westerner to be chief economist of the World Bank--focuses on what developing nations can do to help themselves.Since the end of the Second World War, prescriptions for economic growth have come and gone. Often motivated more by ideology than practicality, these blueprints have had mixed success on the ground. Drawing lessons from history, economic analysis, and practice, Lin examines how the countries that have succeeded in developing their own economies have actually done it. He shows that economic development is a process of continuous technological innovation, industrial upgrading, and structural change driven by how countries harness their land, labor, capital, and infrastructure. Countries need to identify and facilitate the development of those industries where they have a comparative advantage--where they can produce products most effectively--and use them as a basis for development. At the same time, states need to recognize the power of markets, limiting the role of government to allow firms to flourish and lead the process of technological innovation and industrial upgrading. By following this "new structural economics" framework, Lin shows how even the poorest nations can grow at eight percent or more continuously for several decades, significantly reduce poverty, and become middle- or even high-income countries in the span of one or two generations.Interwoven with insights, observations, and stories from Lin's travels as chief economist of the World Bank and his reflections on China's rise, this book provides a road map and hope for those countries engaged in their own quest for prosperity.
Illustrations: 2 line illus.
Publication: US
Imprint: Princeton University Press
Returns: Returnable
Some other items by this author:
AGAINST THE CONSENSUS (HB)
ANNUAL WORLD BANK CONFERENCE ON DEVELOPMENT ECONOMICS 2009, GLOBAL (PB)
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ANNUAL WORLD BANK CONFERENCE ON DEVELOPMENT ECONOMICS, 2010, GLOBAL (PB)
BEATING THE ODDS
BEATING THE ODDS
BEATING THE ODDS (HB)
CHINA AND THE WEST (HB)
CONTEMPORARY ECONOMIC ISSUES (HB)
DEMYSTIFYING THE CHINESE ECONOMY (HB)
DEMYSTIFYING THE CHINESE ECONOMY (PB)
ECONOMIC DEVELOPMENT AND TRANSITION
ECONOMIC DEVELOPMENT AND TRANSITION (HB)
ECONOMIC DEVELOPMENT AND TRANSITION (PB)
GOING BEYOND AID (HB)
GOING BEYOND AID (PB)
LEARNING FROM CHINA'S RISE TO ESCAPE THE MIDDLE-INCOME TRAP
NEW PARADIGM FOR INTERPRETING THE CHINESE ECONOMY: THEORIES, CHALLENGES AND OPPORTUNITIES (HB)
NEW STRUCTURAL ECONOMICS (PB)
NEW STRUCTURAL FINANCIAL ECONOMICS
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REFORM AND DEVELOPMENT IN CHINA (HB)
SLOWDOWN IN THE PEOPLE'S REPUBLIC OF CHINA (PB)
THE CHINA MIRACLE: DEVELOPMENT STRATEGY AND ECONOMIC REFORM (PB)
THE OXFORD HANDBOOK OF AFRICA AND ECONOMICS (HB)
THE OXFORD HANDBOOK OF AFRICA AND ECONOMICS (HB)
THE OXFORD HANDBOOK OF AFRICA AND ECONOMICS (PB)
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THE QUEST FOR PROSPERITY
THE QUEST FOR PROSPERITY (PB)

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