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022			_a09318658
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHB171.5 JOU
100	1		_aKerekes Monika _eauthor
245	1	0	_aLin, Justin Yifu: _bThe quest for prosperity. How developing economies can take off _ccreated by Monika Kerekes
264	1		_aHeidelberg: _bSpringer, _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of Economics _vVolume 109, number 1
520	3		_aHow can developing countries grow their economies? 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 economic 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.
650			_aEconomic policy _vDevelopment policy _xDeveloping countries
856			_u10.1007/s00712-013-0339-3
942			_2lcc _cJA
999			_c164864 _d164864