How do developing economies grow? | Event

Overview
17 December 2012 12:30 - 14:00 (GMT+00)
Public event
Overseas Development Institute and streamed online
This event was streamed live on the ODI website

Speaker:

Professor Justin Lin -
Former World Bank Senior Vice-President and Chief Economist

Discussants:
Dr Dirk Willem te Velde  -
Head of Programme, International Economic Development Group,ODI

Professor Kunal Sen - Professor of Development Economics, Institute of Development Policy and Management (IDPM), University of Manchester

Chair:

Dr Alison Evans - Director, ODI 

Justin Yifu Lin, the first non-Western chief economist of the World Bank and architect of China’s economic reform, is someone we should listen to when he offers his ideas on economic growth.  Lin’s previous positions in government and international organizations gave him opportunities to see the things that work and don’t work in growing economies of developing nations. Now that Dr Lin has stepped down from chief economist at the Bank, he is set on answering the most elusive of economic questions:  How do developing economies grow? 

In his book THE QUEST FOR PROSPERITY: How Developing Economies Can Take Off, Lin focuses on what developing nations can do to help themselves, without the need of international assistance or influence, drawing on a lifetime’s worth of research in international economics, from China to the World Bank.  Illustrated with lessons from history, economic analysis, and practice, Lin examines how the countries that have succeeded in developing their own economies have actually done it.  He shows that economic development is a process of continuous technological innovation, industrial upgrading, and structural change driven by how countries harness their land, labour, capital, and infrastructure. 

By following this “new structural economics” framework, Lin shows how even the poorest nations can grow at eight percent or more continuously for several decades, significantly reduce poverty, and become middle- or even high-income countries in the span of one or two generations.

International Economic Development Group
Audio/Video

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Presentations

Presentation - Justin Lin

Presentation - Justin Lin
Presentation - Justin Lin

Presentation - Kunal Sen

Presentation - Kunal Sen
Presentation - Kunal Sen

Presentation - Dirk Willem te Velde

Presentation - Dirk Willem te Velde
Presentation - Dirk Willem te Velde