Achieving Development Success

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. This valuable collection of studies is full of new insights. It confirms that a deep understanding of economic history really matters for policy makers in developing countries. Nicholas Crafts, Professor of Economic History, Warwick University Comparative analysis of development successes based on country case studies is a useful complement to statistical cross-country regressions. While they have no claim at establishing causality, they give us a richness of detail that reliably suggests policy approaches to success. The 21 case studies from all five continents presented in this book show that success can be achieved, that there are many ways of engineering success, but that good governance and market forces play key complementary roles. While we have a good understanding of how markets work, knowing how to make developing country governments assume developmental functions is one of the greatest challenges to the development profession. This book makes an important contribution in that direction that will be of great assistance to both scholars and policy makers. Elisabeth Sadoulet, Professor, Agricultural & Resource Economics, University of California at Berkeley Nations are not destined to fail, however most fail to be successful. The case studies in this book provide both aspiration and insights on how to guide a nation away from failure towards success. This book will become an essential reading for scholars and for policy makers in developing countries, international development community, and in developed countries as well. Justin Yifu Lin, Professor and Honorary Dean, National School of Development, Peking University and Former Chief Economist, World Bank1. Achieving Development Success: Synthesis of Strategies and Lessons from the Developing World ; PART I: EAST ASIA AND THE PACIFIC (SOUTH KOREA, MALAYSIA, THAILAND, AND VIETNAM) ; 2. How Can Korea be a Role Model for Catch-up Development? A 'Capability-based View' ; 3. Lessons from Post-colonial Malaysian Economic Development ; 4. Thailand's Development Strategy and Growth Performance ; 5. Vietnam as a Role Model for Development ; 6. Development Strategies: Lessons from the Experiences of South Korea, Malaysia, Thailand, and Vietnam ; PART II: THE EMERGING ASIAN GIANTS (INDIA AND CHINA) ; 7. Democracy, Diversity, and Development: India's Strategy and Outcomes ; 8. The Disinterested Government: An Interpretation of China's Economic Success in the Reform Era ; 9. Country Role Models of Development Success: Lessons from China and India ; PART III: SUB-SAHARAN AFRICA (BOTSWANA, MAURITIUS, SOUTH AFRICA, AND GHANA? ; 10. Botswana as a Role Model for Country Success ; 11. The Mauritian Success Story and its Lessons ; 12. Post-Apartheid South Africa: An Economic Success Story? ; 13. Country Role Models for Development Success: The Ghana Case ; 14. Development Progress in Sub-Saharan Africa: Lessons from Botswana, Ghana, Mauritius, and South Africa ; PART IV: LATIN AMERICA AND THE CARIBBEAN (BRAZIL, CHILE, COSTA RICA, AND THE DOMINICAN REPUBLIC) ; 15. Brazil's Growth Performance: Achievements and Prospects ; 16. Three Decades of Neoliberal Economics in Chile: Achievements, Failures, and Dilemmas ; 17. Country Role Models for Development Success: The Case of Costa Rica ; 18. Economic Development Strategies in the Dominican Republic ; 19. Between Past and Future of Latin America: Lessons from Brazil, Chile, Costa Rica, and the Dominican Republic ; PART V: MIDDLE-EAST AND NORTH AFRICA (OMAN, BAHRAIN, TUNISIA, AND THE UNITED ARAB EMIRATES) ; 20. The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-based Economic Success Stories ; 21. Tunisia's Development Experience: A Success Story? ; 22. The United Arab Emirates: Some Lessons in Economic Development ; 23. 'Successful' Development Models: Lessons from the MENA Region