Historical Accounts from More Advanced Countries
What lessons can be learnt from 'developed' countries that might be useful for developing and emerging economies? With an emphasis on long-term growth and development, this book provides historical accounts of the development strategies of a select set of advanced countries.
Each case study typically presents the country's 'successes' and the root causes of those successes. Organized into three parts, it covers four of the Nordics (Denmark, Finland, Norway, and Sweden), other industrially advanced countries (Japan, Ireland, and Switzerland), and transition economies (Czech, Hungary, and Poland).
Although the book stresses that development strategies are, by and large, country and context-specific, the historical accounts are full of recurrent themes, which should provide useful lessons for developing countries and emerging economies.
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‘As the importance of getting institutions right to promote development is acknowledged there is a rising need for sophisticated, contextual, historical narratives of how the now prosperous countries managed to do it. This book fills that need, fleshing out not just the Nordic model (with its commonalities and differences) but also compares countries like Switzerland and Ireland. A useful step away from the dogma of a single canonical model of development to the diversity and richness of paths countries have followed.’- Lant Pritchett, Professor of the Practice of International at Harvard Kennedy School
‘A fascinating account of some lesser known success stories.’- Paul Collier, Professor in Economics and Public Policy, Blavatnik School of Government, University of Oxford
‘By drawing together the lessons from successful and diverse historical development experiences of some advanced countries while insisting on the inherent country specificity of development, this book will be of most practical help to all those seeking effective development strategies for poorer countries in today's world.’- François Bourguignon, Director, Paris School of Economics, Former Chief Economist in the World Bank