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Beating The Odds: Jump-Starting Developing Countries

Beating The Odds: Jump-Starting Developing Countries

 

 

 

Beating the Odds: Jump-Starting Developing Countries

by Justin Yifu Lin

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Details:
rank: #58,552
price: $19.25
bound:
publisher: Princeton University Press (May 23, 2017)
lang: English
asin:
isbn: 0691176051, 978-0691176055,
weight: 1.6 pounds (
filesize:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beating the Odds: Jump-Starting Developing Countries Justin Yifu Lin

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Economic...prosperity,...the...result...of...improvements...in...physical...and...human...capital...and...productivity,...depends...on...the...efficient...use...of...productive...assets......and...on...including...large...portions...of...the...population...in...that...processIt..follows..that..a..bank-based..structure..should..perform..better..in..allocating..resources..and..promoting..economic..developmentBanks...were...long...regarded...as...central...to...promoting...growth...and...poverty...reductionCart....my..account..wish..listhelp800-878-7323..Hello,....Login..All..Books..New..Used..advanced..MENU..Browse..New..Arrivals..Bestsellers..Award..Winners..Signed..Preorders..Signed..Editions..Digital..Audio..Books..Daily..Dose..Newsletters..See..All..Subjects..Used..Staff..Picks..Staff..Picks..Staff..Top..Fives..2016..Picks..of..the..Month..Boox..Indiespensable..25..Global..Books..to..Read..Before..You..Die..25..Women..to..Read..Before..You..Die..25..Books..to..Read..Before..You..Die..Book..of..Now..Gifts..+..Gift..Cards..Gift..Cards..&..eGift..Cards..Powell's..Souvenirs..Journals..&..Notebooks..Games..Socks..Sell..Books..Sell..Books..Online..Sell..Books..in..Our..Stores..Blog..Events..Find..A..Store..Don't..Miss..Summer..Reading..B2G1..Free..Vacation..Education..Sale..Poets..of..Instagram..Best..Books..of..2017..So..Far..BOOX,..Volume..3..Indiespensable,..Volume..67..Powell's..Souvenirs..Libro.fm..Audiobooks..Powell's..Picks..of..the..Month..Visit..Our..Stores..Gabe..Hudson:..Powell's..Q&A:..Gabe..Hudson,..Author..of..'Gork,..the..Teenage..Dragon'..(0..comment)..My..new..novel..Gork,..the..Teenage..Dragon..has..the..plot..of..a..John..Hughes..movie,..but..takes..place..at..a..high..school..for..dragonsHis...books...include...The...Quest...for...Prosperity:...How...Developing...Countries...Can...Take...Off...(Princeton)In....fact,....strategies....promoted....by....governments....are....among....the....most....important....factors....leading....industrial....structures....and....financial....structures....to....deviate....from....optimality....in....terms....of....growth....potentialWhat..is..crucially..needed,..then,..to..fight..corruption..and..improve..governance..in..a..low-income..country..is..a..development..strategy..that..offers..few..opportunities..for..state..capture..and..rent-seeking..activitiesHis...books...include...Nihilism...and...Negritude:...Ways...of...Living...in...AfricaFinancial....intermediation,....everyone....agrees,....creates....strong....externalities....that....can....be....either....positive....(such....as....provision....of....information....and....liquidity)....or....negative....(such....as....excessive....risk-taking....and....systemic....crises)They....are....often....based....on....false....diagnostics....and....rely....on....rhetorical....sophisms

 

Like...the...helpless...motorists...on...some...African...streets,...policy...makers...must...accept...whatever...recommendations...are...imposed...on...them.Of...course,...it...would...be...unfair...to...characterize...the...honest...but...difficult...search...for...answers...that...motivates...most...development...economists...and...experts...as...equivalent...to...the...immoral...and...illegal...behavior...of...renegade...policeThe..book..demonstrates..how..African..countries..would..aptly..move..their..development..agenda..out..of..the..low-income..trap..regardless..of..their..circumstancesIn....fact,....good....governance....has....been....an....elusive....questIt...is...therefore...susceptible...to...being...a...reflection...of...ethnocentric......if...not...paternalistic......perspectivesRenowned...scholars...such...as...Nathaniel...Leff...(then...at...Harvard)...and...Samuel...PWhile..Transparency..Internationals..definition..of..corruption..is..much..clearer,..it..raises..another..series..of..problemsBeating..the..Odds..Jump-Starting..Developing..Countries..by..justin..lin..and..clestin..monga..Following..the..policy-oriented..approach..suggested..by..Anne..Krueger,..the..empirical..literature..has..identified..seven..factors..as..the..main..causes..of..corruption:....Trade..restrictions,..which..make..the..necessary..import..licenses..very..valuable..and..encourage..importers..to..consider..bribing..the..officials..who..control..their..issuance

 

No...part...of...this...excerpt...may...be...reproduced...or...reprinted...without...permission...in...writing...from...the...publisher.Excerpts...are...provided...by...Dial-A-Book...IncAt..the..peak..of..a..business..cycle,..when..the..economy..is..operating..at..or..close..to..full..potential,..the..benefits..of..hiring..workers..for..infrastructure..projects..could..be..partially..offset..by..the..diversion..of..these..workers..from..other..productive..activities,..and..the..investment..of..public..funds..may.."crowd..out"..some..private..investment..(EOP..2011)Lins....PhD....is....from....the....University....of....Chicago,....while....Monga....has....degrees....from....MIT....and....Panthon-Sorbonne....University...Low...wages...in...the...civil...service...relative...to...wages...in...the...private...sector,...which...often...lead...civil...servants...to...use...their...positions...to...collect...bribes...as...a...way...of...making...ends...meet......particularly...when...the...expected...cost...of...being...caught...is...lowIn...Beating...the...Odds,...two...of...the...world's...leading...development...economists...begin...with...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.Justin...Yifu...Lin,...the...former...chief...economist...of...the...World...Bank,...and...Celestin...Monga,...the...chief...economist...of...the...African...Development...Bank,...propose...a...development...strategy...that...encourages...poor...countries...to...leap...directly...into...the...global...economy...by...building...industrial...parks...and...export-processing...zones...linked...to...global...markets

 

They..focus..on..telecommunications,..electricity,..land..transportation,..and..water..and..sanitationIt...has...been...influenced...by...financial...market...liberalization...that...is...unfolding...in...the...advanced...economies,...which...have...moved...away...from...national...bankbased...systems...toward...open...capital...markets......at...least...until...the...2008...Great...Recession...when...the...pendulum...switched...to...the...other...extreme...But...their...current...views...certainly...dont...reflect...the...standard...model...of...Western...development...economics,...which...asserts...that...growth...in...poor...countries...is...closely...tied...to...the...adoption...of...Western-style...good...governance...practicesThe..reality..that..some..who..reject..the..good-governance..agenda..as..a..hidden..attempt..to..Westernize..the..world..may..be..defenders..of..authoritarian..practices..hidden..behind..the..claim..of..cultural..relativism..does..not..necessarily..invalidate..all..their..argumentsAll..the..more..stunning..to..reporters..was..that..President..Sassou-Nguesso..was..at..the..time..the..chairman..of..the..African..Union,..representing..the..continents..53..countries,..and..also..negotiating..with..the..World..Bank..and..the..International..Monetary..Fund..for..the..cancellation..of..a..large..fraction..of..Congos..debt..on..the..grounds..that..the..country..could..not..afford..to..repay..itThe..Do-Nothing..Congress..is..still..doing..nothingand..the..worst..offenders..are..the..presidential..candidates..Clinton,..Obama,..and..McCain,..who..never..show..up..for..their..day..jobs..as..senators..Huntington....argued....that....corruption....may....make....businesses....more....efficient....by....allowing....them....to....circumvent....bureaucratic....proceduresTheir...mechanisms...for...mobilizing...savings,...allocating...capital...and...diversifying...risks...are...very...different...from...those...of...financial...marketsInitial..theoretical..work..on..corruption..underlined..its..positive..role..in..developmentLicenses,...permits,...passports...and...visas...are...needed...to...comply...with...laws...and...regulations...that...restrict...private...economic...activity 07f867cfac

 

Former...Chief...Economists:...Justin...Yifu...Lin...Franois...Bourguignon...Sir...Nicholas...H....Stern...Joseph...E.

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