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Puzzles of development

Dani Rodrik avoids the single-template prescriptions of both the Washington consensus crowd and the anti-globalisers. His thoughtful and modest book shows that there are many routes to economic development

By John Kay   April 2008

One Economics, Many Recipes: Globalization, Institutions, and Economic Growth by Dani Rodrik (Princeton, £23.95)

Development, Dani Rodrik writes, has been a success, although development policy has not. In the last decade, more people have escaped poverty than in any previous decade of history. Most of them live in China, India and other countries in south and east Asia. Elsewhere—in Latin America, Africa, the middle east—there have been as many steps back as forward.

In surveying this diverse international experience, Rodrik cites with approval Larry Summers’s assessment: “The rate at which countries grow is substantially determined by three things: their ability…

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