Chapter

Development Success

Augustin Kwasi Fosu

in Development Success

Published in print November 2012 | ISBN: 9780199660704
Published online January 2013 | e-ISBN: 9780191748943 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199660704.003.0001

Series: WIDER Studies in Development Economics

Development Success

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By virtue of their success in growth and development, a number of economies have been transformed to ‘advanced’ countries, and they may offer lessons to today's developing economies. Even though the performance among these countries was rather uneven during the recent 2008–10 global financial crisis for instance, it would be myopic to focus on the concomitant country performance as an indicator of success or lack thereof. Employing historical accounts, the current volume is able to point out useful aspects of each country's development record within a longer-term perspective. Many other studies have focussed on countries in the developing world as ‘role models’ for other developing economies since such successful countries' experiences have been relatively recent. As useful as those case studies are, they nonetheless omit potentially useful lessons from the more advanced countries which exhibit longer development records

Keywords: development success; economic performance; advanced economies; developing economies; lessons; models

Chapter.  6668 words. 

Subjects: Economic Development and Growth

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