Gambling on Development

Gambling on DevelopmentDiscover 'Gambling on Development,' a compelling exploration of the dynamics of global development from renowned author Stefan Dercon. This insightful book, published by Hurst Publishers in 2022, provides an in depth analysis of why some countries achieve remarkable progress while others struggle. Through engaging conversations with influential figuressuch as prime ministers, civil servants, and everyday citizensDercon highlights critical moments in

Discover 'Gambling on Development,' a compelling exploration of the dynamics of global development from renowned author Stefan Dercon. This insightful book, published by Hurst Publishers in 2022, provides an in-depth analysis of why some countries achieve remarkable progress while others struggle. Through engaging conversations with influential figures—such as prime ministers, civil servants, and everyday citizens—Dercon highlights critical moments in the developmental journey of nations.

As the world evolves, the landscape of poverty has witnessed significant transformation—decreasing overall in many parts while life expectancy and health have improved. Yet, the barriers faced by certain nations raise crucial questions: What differentiates prosperous countries from those that remain stagnant?

In 'Gambling on Development,' Dercon posits that the success of a nation relies not on rigid policies but on a vital 'development bargain.' This concept emphasizes the shift of a country’s elite from self-preservation towards investing in a collective growth future. Amidst the imperfections of such arrangements, successful models emerge from unexpected places, including China, Indonesia, Bangladesh, Ghana, and Ethiopia. This book encompasses diverse perspectives anchored in three decades of experience across over forty countries, detailing transformative moments that shape nations—from coping with Ebola in Sierra Leone to the economic intrigues in Malawi and the mobile revolution in Mozambique. Join the journey and learn about the power of collaborative growth strategies, showcasing paths to development that may inspire future successes worldwide.