Development Success: May History Breed Humility

Abstract

The past quarter-century (not to mention the past half-century) has been a humbling one for advisors striving to discover the secrets to development success. This chapter argues that there are three facts that should prove particularly humbling: (1) the failure of structural adjustment and shock therapy, (2) the rarity of “miracles”, and (3) the homegrown nature of most success stories, with only a limited role for outside advice and foreign aid. 2 This chapter reviews these facts, and concludes with some thoughts for policy advisors. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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