The Quest for Prosperity

How Developing Economies Can Take Off - Updated Edition

Justin Yifu Lin

• Publisher: Princeton University Press
• Year: 2014
• Print ISBN:
  9780691163567
  9780691155890
• eBook ISBN:
  9781400852253
• Topic: Economics
• Subtopic: Development Economics
• Index: Economics

Justin Yifu Lin's groundbreaking account of how developing countries can help themselves—now fully updated

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. Lin examines how the countries that have succeeded in developing their own economies have actually done it. 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.

Table of contents

• Cover Page
• Title Page
• Copyright Page
• Contents
• Preface to the Paperback Edition
• Prologue
• 1 New Challenges and New Solutions
• 2 A Battle of Narratives and Changing Paradigms
• 3 Economic Development: Lessons from Failures
• 4 Lessons from Successful Catch-up Countries
• 5 A Framework for Rethinking Development: A New Structural Economics
• 6 What Would Be Done Differently under the New Structural Economics?
• 7 Putting the New Structural Economics into Practice: Two Tracks and Six Steps
• 8 The Peculiar Identities and Trajectories of Transition Economies
• 9 Fostering Structural Change at Higher Levels of Development
• 10 A Recipe for Economic Prosperity
• Glossary
• Notes
• References
• Index