Economic Development
What Everyone Needs to Know®
Second Edition
Marcelo M. Giugale
Reviews and Awards
"Marcelo Giugale has written a book with a highly original style: it poses, and then answers, a series of questions, with fascinating examples on every page. Even more remarkable, it lives up to the ambitious goal proclaimed in its title: Economic Development - What Everyone Needs to Know®." - George Akerlof, Nobel Laureate in Economics, 2001
"Giugale has done a favor to all of us. This short and easy-to-read book tackles central questions about economic development, and provides answers based on the latest evidence but that, at the same time, are presented in simple language. If you want to understand why development economics is such a fascinating field, but want to by-pass economists' gobbledygook, read this book; you will enjoy it and learn a lot." - Santiago Levy, Vice-president for Sectors and Knowledge, Inter-American Development Bank
"Not many societies have managed to flourish. What's holding the rest back? Giugale gives us an insider's view from the very trenches of economic development. In a language that anyone can understand, and with examples that everyone would recognize, he explains why governments are struggling to unlock the forces of widespread prosperity. That is an invaluable contribution, especially for a world that seems to have lost its compass." - Edmund Phelps, Nobel Laureate in Economics, 2006
"Economists have often done a bad job of explaining their policy views to the people they are trying to serve. As a consequence, policies that make technical sense fail to get popular support. This book provides an excellent bridge to bring readers to the frontier of policy making in economic development." - Dame Nemat Shafik, Director Designate, The London School of Economics
"Don't be fooled by the small size of this book: it is a tour de force and a masterpiece. Beyond its scope, breadth, and depth, it is a remarkable exposé on the state of knowledge on economic development."-Célestin Monga, Vice-President and Chief Economist, African Development Bank