The Quest for Prosperity: How Developing Economies Can Take Off by Justin Yifu Lin
Published By: Princeton and Oxford: Princeton University Press ISBN: 978-0-691-15589-0 Date of Publication: 2012
Book Review Detail
Gustav Ranis of Yale University
Review DOI: 10.1257/jel.51.1.190.r12 Review Pages: 209-11
Book Review Abstract
Gustav Ranis of Yale University reviews, "The Quest for Prosperity: How Developing Economies Can Take Off" by Justin Yifu Lin. The Econlit abstract of this book begins: "Presents a road map for country-centered economic development strategies and examines the long-term development challenges facing policymakers. Discusses new challenges and new solutions; a battle of narratives and changing paradigms; economic development—lessons from failures; lessons from successful catch-up countries; a framework for rethinking development—a new structural economics; what would be done differently under the new structural economics; putting the new structural economics into practice—two tracks and six steps; the peculiar identities and trajectories of transition economies; fostering structural change at higher levels of development; and a recipe for economic prosperity. Lin is Founding Director and Professor of the China Centre for Economic Research at Peking University and former Chief Economist and Senior Vice President of the World Bank. Glossary; index."