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This book presents development strategies and lessons based on a large range of 'success' countries across the developing world. In addition to the country cases, it presents regional and overall syntheses that cover orthodox vs. heterodox policies; the importance of capability, primary exports, diversification and financing; managing diversity; the role of institutions and governance; and human development. The book reveals much diversity in successful development strategies offered by the various select countries: for example, the 'disinterested-government' political economy of China; the democratically supported, high-service-sector development approach of India; the 'Washington-Consensus-based' reforms of Ghana and China; the diversification strategies of the United Arab Emirates (UAE), Bahrain and Oman; the dynamic orthodox-heterodox strategy of Malaysia and Vietnam; the effective natural-resource management of Botswana, Oman, Bahrain and the UAE; the social-sector underpinnings of development in Costa Rica and Tunisia; and the democratic political system of managing diversity in India. This refreshing approach to studying development will interest researchers, teachers, students, development practitioners and policymakers alike.
What specific economic and political strategies have enabled successful development outcomes across diverse nations in the developing world? Augustin K. Fosu, a prominent scholar in development economics, synthesizes empirical evidence from a wide array of successful developing nations to evaluate the efficacy of various policy frameworks. The book contrasts orthodox and heterodox approaches, arguing that there is no singular path to prosperity, but rather a complex interplay of institutional governance, human development, and strategic economic diversification.
What You Will Find
Scope Limits
Experts and development practitioners view this work as a valuable comparative resource for understanding the heterogeneity of successful economic growth models. Readers frequently note that the text provides a balanced, evidence-based perspective that is accessible to both academic researchers and policy professionals.
Page Count:
512
Publication Date:
2013-01-01
Publisher:
OUP Oxford
ISBN-10:
0191651311
ISBN-13:
9780191651311
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