Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the...

Opportunities and challenges in China's economic development -- Why the scientific and industrial revolutions bypasses China -- The great humiliation and the socialist revolution -- The comparative advantage-defying, catching-up strategy and the traditional economic system -- Enterprise...