Beating the Odds
：Jump-Starting Developing Countries
Publication subTitle ：Jump-Starting Developing Countries
Author： Lin Justin Yifu;Monga Célestin
Publisher： Princeton University Press
Publication year： 2017
E-ISBN: 9781400884681
P-ISBN(Paperback): 9780691176055
Subject： F112.1 The economies of the developing countries.
Keyword： 经济政策理论,马克思主义政治经济学（总论）,经济学分支科学,世界各国经济概况、经济史、经济地理,贸易经济
Language： ENG
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Description
How poor countries can ignite economic growth without waiting for global action or the creation of ideal local conditions
Contrary to conventional wisdom, countries that ignite a process of rapid economic growth almost always do so while lacking what experts say are the essential preconditions for development, such as good infrastructure and institutions. In Beating the Odds, two of the world's leading development economists begin with this paradox to explain what is wrong with mainstream development thinking—and to offer a practical blueprint for moving poor countries out of the low-income trap regardless of their circumstances.
Justin Yifu Lin, the former chief economist of the World Bank, and Célestin Monga, the chief economist of the African Development Bank, propose a development strategy that encourages poor countries to leap directly into the global economy by building industrial parks and export-processing zones linked to global markets. Countries can leverage these zones to attract light manufacturing from more advanced economies, as East Asian countries did in the 1960s and China did in the 1980s. By attracting foreign investment and firms, poor countries can improve their trade logistics, increase the knowledge and skills of local entrepreneurs, gain the confidence of international buyers, and gradually make local firms competitive. This strategy is already being used with great success in Vietnam, Cambodia, Bangladesh, Maur
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