While it is futile to search for any ‘magic policy recipe’ automatically yielding industrialization, the contributions to the book, we argue, do indeed help in identifying some basic ingredients and principles that successful policy arrangements historically had and have in common. In this...

"Twelve years ago, when I was chief economist of the World Bank, I suggested that the major challenge to development economics was learning the lessons of the previous several decades: a small group of countries, mostly in Asia, but a few in other regions, had had phenomenal success, beyond...

This book helps us to understand development economics in light of the past half-century's experience of development thought and practice. This volume is an outgrowth of an intergenerational symposium on "the Future of Development Economics," held in Dubrovnik in May 1999. It collects the papers...