This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...

Frontmatter -- Contents -- Acknowledgments -- Introduction -- PART A: Economic Growth -- 1. Fifty Years of Growth (and Lack Thereof): An Interpretation -- 2. Growth Diagnostics -- 3. Synthesis: A Practical Approach to Growth Strategies -- PART B. Institutions -- 4. Industrial Policy for the...