Jump to ContentJump to Main Navigation
Beating the OddsJump-Starting Developing Countries$
Users without a subscription are not able to see the full content.

Justin Yifu Lin and Célestin Monga

Print publication date: 2019

Print ISBN-13: 9780691192338

Published to Princeton Scholarship Online: May 2020

DOI: 10.23943/princeton/9780691192338.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 18 September 2021

The Art of Performing Economic Miracles: Implementation Guidelines

The Art of Performing Economic Miracles: Implementation Guidelines

Chapter:
(p.202) 6 The Art of Performing Economic Miracles: Implementation Guidelines
Source:
Beating the Odds
Author(s):

Justin Yifu Lin

Célestin Monga

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691192338.003.0007

This chapter talks about the elements for success that may sound abstract, but actually provide a framework for achieving sustained growth, employment creation, and poverty reduction in poor business environments. It explains how the elements are applied to real policy situations and offers a road map for implementing an economic development strategy that leaves little to randomness. Drawing from economic history and analysis, the chapter explains why countries do not evolve from low- to medium- and high-income status as the result of chance. It starts by explaining the importance of rational selection and the choice of policy domains that will give a poor economy the highest probability of developing dynamic business ventures. It then provides step-by-step guidelines for policy makers in poor countries struggling to make sense of the often-conflicting economic advice they receive from many development institutions.

Keywords:   poverty reduction, economic development, high-income, rational selection, poor economy, business venture, economic advice, sustained growth, employment creation

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.