Oxford Martin School: Public Lectures And Seminars

Stefan Dercon talks about his new book, with further discussion from David Pilling (Financial Times) and Melinda Bohannon (FCDO) In the last thirty years, the developing world has undergone tremendous changes. Overall, poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Oxford’s Stefan Dercon’s new book, “Gambling on Development: Why some countries win and others lose”, asks why it is that some of the previously poorest countries have prospered, while others have failed. Stefan argues that the answer lies not in a specific set of policies, but rather in a key ‘development bargain’, whereby a country’s elites shift from protecting their own positions to gambling on a growth-based future. Despite the imperfections of such bargains, China is among the most striking recent success stories, along with Indonesia and more unlikely places, such as Bangladesh, Ghana and, tentatively, Ethiopia. Gambling on Development is