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Beating the Odds – Jump-Starting Developing Countries - Princeton Scholarship Online
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Beating the Odds: Jump-Starting Developing Countries

Justin Yifu Lin and Célestin Monga

Abstract

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. This book uses 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. The book begins with an observation of the increasingly globalized world economy in which technological development allows the use of factors of production in locations that maximize r ... More

Keywords: economic growth, development, infrastructure, institutions, low-income countries

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780691192338
Published to Princeton Scholarship Online: May 2020 DOI:10.23943/princeton/9780691192338.001.0001

Authors

Affiliations are at time of print publication.

Justin Yifu Lin, author
Peking University

Célestin Monga, author
African Development Bank