In the last thirty years, the developing world has undergone
tremendous changes. Overall, poverty has fallen, people live longer
and healthier lives, and economies have been transformed. And yet
many countries have simply missed the boat. Why have some countries
prospered, while others have failed? Stefan Dercon argues that the
answer lies not in a specific set of policies, but rather in a key
'development bargain', whereby a country's elites shift from
protecting their own positions to gambling on a growth-based
future. Despite the imperfections of such bargains, China is among
the most striking recent success stories, along with Indonesia and
more unlikely places, such as Bangladesh, Ghana and Ethiopia.
Gambling on Development is about these winning efforts, in contrast
to countries stuck in elite bargains leading nowhere. Building on
three decades' experience across forty-odd countries, Dercon winds
his narrative through Ebola in Sierra Leone, scandals in Malawi,
beer factories in the DRC, mobile phone licences in Mozambique, and
relief programmes behind enemy lines in South Sudan. Weaving
together conversations with prime ministers, civil servants and
ordinary people, this is a probing look at how development has been
achieved across the world, and how to assist such successes.
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