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How can developing countries grow their economics? 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. Since the end of the Second World War, prescriptions for economic growth have come and gone. Often motivated more by ideology than practicality, these blueprints have had mixed success on the ground. Drawing lessons from history, economic analysis, and practice, Lin examines how the countries that have succeeded in developing their own economies have actually done it. He shows that development is a process of continuous technological innovation, industrial upgrading, and structural change driven by how countries harness their land, labor, capital, and infrastructure. Countries need to identify and facilitate the development of those industries where they have a comparative advantage--where they can produce products most effectively--and use them as a basis for development. At the same time, states need to recognize the power of markets, limiting the role of government to allow firms to flourish and lead the process of technological innovation and industrial upgrading. By following this "new structural economics: framework. Lin shows how even the poorest nations can grow at eight percent or more continuously for several decades, significantly reduce poverty, and become middle-or even high-income countries in the span of one or two generations. 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.

Third World: economic development problems --- LDC / Developping Countries - Pays En Développement --- 338.340 --- 331.30 --- 331.31 --- Algemene ontwikkeling in de Derde Wereld. --- Economische toestand. --- Economisch beleid. --- S10/0251 --- S38/1000 --- China: Economics, industry and commerce--General works and economic history: since 1989 --- Works not related to China and the Far East--Economics, industry and commerce: general --- Developing countries --- Economic conditions. --- Economic policy. --- Developing countries: economic development problems --- E-books --- Economische toestand --- Economisch beleid --- Algemene ontwikkeling in de Derde Wereld --- Diplomatic relations. --- Economic history. --- Political science. --- Politik. --- Sociaal-economische ontwikkeling. --- Social history. --- Sozioökonomischer Wandel. --- BUSINESS & ECONOMICS / Development / Economic Development. --- Descriptive sociology --- Social conditions --- Social history --- History --- Sociology --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- Social sciences --- State, The --- Economic conditions --- History, Economic --- Economics

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In Economic Development and Transition, renowned development economist Justin Yifu Lin argues that economic performance in developing countries depends largely on government strategy. If the government plays a facilitating role, enabling firms to exploit the economy's comparative advantages, its economy will develop successfully. However, governments in most developing countries attempt to promote industries that go against their comparative advantages by creating various kinds of distortion to protect nonviable firms in priority industries. Failing to recognize the original intention of many distortions, most governments in transition economies attempt to eliminate those distortions without addressing firms' viability problems, causing economic performance to deteriorate in their transition process. Governments in successful transition economies adopt a pragmatic dual-track approach that encourages firms to enter sectors that were suppressed previously and gives necessary support to firms in priority industries before their viability issue is addressed.

Structural adjustment (Economic policy) --- Economische politiek. --- Developing countries --- Economic conditions --- Economic policy --- ASI / Asia - Azië - Asie --- 338.340 --- 331.31 --- 330.50 --- Algemene ontwikkeling in de Derde Wereld. --- Economisch beleid. --- Economische en sociale stelsels: algemeenheden. --- Economic conditions. --- Economic policy. --- Economisch beleid --- Algemene ontwikkeling in de Derde Wereld --- Economische en sociale stelsels: algemeenheden --- Business, Economy and Management --- Economics

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Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country's transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories.The author, who is one of China's most prestigious economists, has a profound understanding of

Financial institutions --- Financial intermediaries --- Lending institutions --- Associations, institutions, etc. --- Management --- China --- Economic conditions --- Social conditions --- Economic policy --- E-books --- Management.

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