Justin Yifu Lin, former senior vice president and chief economist of the World Bank, is director of the Center for New Structural Economics and dean of the Institute of South-South Cooperation and Development at Peking University. His books include The Quest for Prosperity: How Developing Countries Can Take Off (Princeton). Celestin Monga is vice president and chief economist of the African Development Bank and visiting professor of economics at University of Paris 1 Pantheon-Sorbonne and Peking University. His books include Nihilism and Negritude: Ways of Living in Africa.

"Shortlisted for the 2018 Africa-Asia ICAS Book Prize, International Convention of Asia Scholars and Association for Asian Studies in Africa"

• Acknowledgments vii Introduction: The Art of Engineering Prosperity in Unlikely Places 1 1 The Tyranny of Litanies 20 2 Unpleasant Truths about Institutional and Financial Development 44 3 The Economics of Chance: Policy Prescriptions as Laundry Lists 75 4 The Mechanics of Failure and the Secrets of Success 111 5 Ambitious Pragmatism: First-Order Economic Principles 157 6 The Art of Performing Economic Miracles: Implementation Guidelines 202 7 Reaping the Dividends of Globalization: A Winning Road Map 254 Conclusion: Making the Most of Existing Circumstances 310 Notes 321 References 341 Index 367

Justin Yifu Lin, former senior vice president and chief economist of the World Bank, is director of the Center for New Structural Economics and dean of the Institute of South-South Cooperation and Development at Peking University. His books include The Quest for Prosperity: How Developing Countries Can Take Off (Princeton). Celestin Monga is vice president and chief economist of the African Development Bank and visiting professor of economics at University of Paris 1 Pantheon-Sorbonne and Peking University. His books include Nihilism and Negritude: Ways of Living in Africa.

"Shortlisted for the 2018 Africa-Asia ICAS Book Prize, International Convention of Asia Scholars and Association for Asian Studies in Africa"

• Acknowledgments vii Introduction: The Art of Engineering Prosperity in Unlikely Places 1 1 The Tyranny of Litanies 20 2 Unpleasant Truths about Institutional and Financial Development 44 3 The Economics of Chance: Policy Prescriptions as Laundry Lists 75 4 The Mechanics of Failure and the Secrets of Success 111 5 Ambitious Pragmatism: First-Order Economic Principles 157 6 The Art of Performing Economic Miracles: Implementation Guidelines 202 7 Reaping the Dividends of Globalization: A Winning Road Map 254 Conclusion: Making the Most of Existing Circumstances 310 Notes 321 References 341 Index 367

Justin Yifu Lin, former senior vice president and chief economist of the World Bank, is director of the Center for New Structural Economics and dean of the Institute of South-South Cooperation and Development at Peking University. His books include The Quest for Prosperity: How Developing Countries Can Take Off (Princeton). Celestin Monga is vice president and chief economist of the African Development Bank and visiting professor of economics at University of Paris 1 Pantheon-Sorbonne and Peking University. His books include Nihilism and Negritude: Ways of Living in Africa.

"Shortlisted for the 2018 Africa-Asia ICAS Book Prize, International Convention of Asia Scholars and Association for Asian Studies in Africa"

• Acknowledgments vii Introduction: The Art of Engineering Prosperity in Unlikely Places 1 1 The Tyranny of Litanies 20 2 Unpleasant Truths about Institutional and Financial Development 44 3 The Economics of Chance: Policy Prescriptions as Laundry Lists 75 4 The Mechanics of Failure and the Secrets of Success 111 5 Ambitious Pragmatism: First-Order Economic Principles 157 6 The Art of Performing Economic Miracles: Implementation Guidelines 202 7 Reaping the Dividends of Globalization: A Winning Road Map 254 Conclusion: Making the Most of Existing Circumstances 310 Notes 321 References 341 Index 367