Beating the Odds | Jump-Starting Developing Countries

Justin Yifu Lin (u. a.)

ISBN 10: 0691176051 / ISBN 13: 9780691176055

Published by Princeton University Press, 2017

About this Item

Beating the Odds | Jump-Starting Developing Countries | Justin Yifu Lin (u. a.) | Buch | Einband - fest (Hardcover) | Englisch | 2017 | Princeton University Press | EAN 9780691176055 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand.

Seller Inventory # 131305080

Bibliographic Details

• Title: Beating the Odds | Jump-Starting Developing Countries
• Publisher: Princeton University Press
• Publication Date: 2017
• Language: English
• ISBN 10: 0691176051
• ISBN 13: 9780691176055
• Binding: Buch
• Condition: Neu
• Dimensions: 240W x 161H x 28D millimeters 240 millimeters width by 161 millimeters height by 28 millimeters depth
• Weight: 850 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

How poor countries can ignite economic growth without waiting for global action or the creation of ideal local conditions

Contrary to conventional wisdom, countries that ignite a process of rapid economic growth almost always do so while lacking what experts say are the essential preconditions for development, such as good infrastructure and institutions. In Beating the Odds, two of the world's leading development economists begin with this paradox to explain what is wrong with mainstream development thinking―and to offer a practical blueprint for moving poor countries out of the low-income trap regardless of their circumstances.

Justin Yifu Lin, the former chief economist of the World Bank, and Célestin Monga, the chief economist of the African Development Bank, propose a development strategy that encourages poor countries to leap directly into the global economy by building industrial parks and export-processing zones linked to global markets. Countries can leverage these zones to attract light manufacturing from more advanced economies, as East Asian countries did in the 1960s and China did in the 1980s. By attracting foreign investment and firms, poor countries can improve their trade logistics, increase the knowledge and skills of local entrepreneurs, gain the confidence of international buyers, and gradually make local firms competitive. This strategy is already being used with great success in Vietnam, Cambodia, Bangladesh, Mauritius, Ethiopia, Rwanda, and other countries. And the strategy need not be limited to traditional manufacturing but can also include agriculture, the service sector, and other activities.

Beating the Odds shows how poor countries can ignite growth without waiting for global action or the creation of ideal local conditions.

About the Author

Justin Yifu Lin, former senior vice president and chief economist of the World Bank, is director of the Center for New Structural Economics and dean of the Institute of South-South Cooperation and Development at Peking University. His books include The Quest for Prosperity: How Developing Countries Can Take Off (Princeton). Célestin Monga is vice president and chief economist of the African Development Bank and visiting professor of economics at University of Paris 1 Panthéon-Sorbonne and Peking University. His books include Nihilism and Negritude: Ways of Living in Africa.