Gambling on Development: Why Some Countries Win and Others Lose

Stefan Dercon argues that the key to development lies in a development bargain where elites shift from protecting their own positions to gambling on a growth-based future. China, Indonesia, Bangladesh, Ghana, and Ethiopia are among the most striking recent success stories. Gambling on Development explores how development has been achieved and how to assist such successes.

Format: Hardback
Length: 360 pages
Publication date: 05 May 2022
Publisher: C Hurst & Co Publishers Ltd

The developing world has experienced significant transformations over the past thirty years. Overall, poverty has declined, life expectancy has increased, and economies have undergone remarkable transformations. However, many countries have fallen behind in this progress. Why have some countries succeeded while others have failed? Stefan Dercon argues that the key to understanding this disparity lies in a fundamental development bargain, where a country's elites shift their focus from protecting their own interests to betting on a future driven by growth. Despite the imperfections of these bargains, China, Indonesia, Bangladesh, Ghana, and Ethiopia have emerged as notable success stories.

Gambling on Development delves into these successful efforts, contrasting them with countries that are trapped in elite bargains that lead nowhere. Drawing on his extensive experience spanning forty-odd countries, Dercon weaves his narrative through various contexts, including the Ebola outbreak in Sierra Leone, scandals in Malawi, beer factories in the Democratic Republic of the Congo, mobile phone licenses in Mozambique, and relief programs in South Sudan. Through engaging conversations with prime ministers, civil servants, and ordinary individuals, the book provides a deep and probing exploration of how development has been achieved across the world and offers insights into how to support and replicate these successes.

In conclusion, the developing world has undergone tremendous changes, but many countries have yet to fully reap the benefits of this progress. Stefan Dercon's book Gambling on Development sheds light on the factors that have contributed to success and failure and provides valuable insights into how countries can navigate the complex terrain of development. By embracing the principles of growth-based bargains and engaging with a diverse range of stakeholders, countries can unlock their potential and create a more prosperous and equitable future for all.

Weight: 646g
Dimension: 150 x 222 x 44 (mm)
ISBN-13: 9781787385627