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The economics of growth has come a long way since it regained centerstage for economists in the mid-1980s. Here for the first time is aseries of country studies guided by that research. The thirteenessays, by leading economists, shed light on some of the mostimportant growth puzzles of our time. How did China grow so rapidlydespite the absence of full-fledged private property rights? Whathappened in India after the early 1980s to more than double its growthrate? How did Botswana and Mauritius avoid the problems that othercountries in sub--Saharan Africa succumbed to? How did Indonesiamanage t

Intro -- One Economics, Many Recipes: Globalization, Institutions, and Economic Growth -- Contents -- Acknowledgments -- Introduction -- PART A: ECONOMIC GROWTH -- 1. Fifty Years of Growth (and Lack Thereof): An Interpretation -- 2. Growth Diagnostics -- 3. Synthesis: A Practical Approach to Growth Strategies -- PART B: INSTITUTIONS -- 4. Industrial Policy for the Twenty-first Century -- 5. Institutions for High-Quality Growth -- 6. Getting Institutions Right -- PART C: GLOBALIZATION -- 7. Governance of Economic Globalization -- 8. The Global Governance of Trade As If Development Really Mattered -- 9. Globalization for Whom? -- References -- Index

In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment. A definitive statement of Rodrik's original and influential perspective on economic growth and globalization, One Economics, Many Recipes shows how successful countries craft their own unique strategies--and what other countries can learn from them. To most proglobalizers, globalization is a source of economic salvation for developing nations, and to fully benefit from it nations must follow a universal set of rules designed by organizations such as the World Bank, the International Monetary Fund, and the World Trade Organization and enforced by international investors and capital markets. But to most antiglobalizers, such global rules spell nothing but trouble, and the more poor nations shield themselves from them, the better off they are. Rodrik rejects the simplifications of both sides, showing that poor countries get rich not by copying what Washington technocrats preach or what others have done, but by overcoming their own highly specific constraints. And, far from conflicting with economic science, this is exactly what good economics teaches.