Works, by Joe Studwell
Business journalist Joe Studwell produces compelling answers to two of the greatest questions in development economics: How did countries like Japan, Taiwan, South Korea, and China achieve sustained, high growth? And why have so few other countries managed to do so? His conclusion: All the countries that become development success stories (1) create conditions for small farmers to thrive, (2) use the proceeds from agricultural surpluses to build a manufacturing base that is tooled from the start to produce exports, and (3) nurture both these sectors with financial institutions closely controlled by the government.
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