Preface: Whom is this book for? Acknowledgments Overview: What Is Economic Development and What Does This Book Say about It? Chapter 1: Governments: One Day, They Will Work for You Why Do Obvious Reforms Never Happen? How Is the Relationship between the State and the Citizen Changing? Why Should Governments Intervene in Markets? Has Government Decentralization Worked? Do We Really Care about Graft? Why Can't We Stop Conflict? Are Natural Resources a Curse? What Are the Signs That a Country Is Managing Its Riches Well? Chapter 2: Economic Policy: The Basics You've Got to Get Right Why Governments Struggle to Prop the World's Economy? What Is Structural Reform? What Are the G20 and Why Do They Matter for Development? How Do Governments Regulate the Financial Sector? Do the Fed's Decisions Matter for the Developing World? What Do Europe's Woes Mean for the World's Poor? How Do You Prepare for the Next Global Crisis? Was the Commodity Bonanza Wasted? Will Globalization End? Why Does Growth Happen in Some Places and Not in Others? Why Is It So Difficult to Agree on Tax Reform? What Is the Global Tax War? Chapter 3: Social Policy: Old War, New Weapons Why Did Piketty's Work Pique Our Sudden Interest in Inequality? How Many People Live in Extreme Poverty? How Can We Help the New Poor? Can We End Poverty? Is There a Way to Measure Human Opportunity? Why Are Statistics So Important in Ending Poverty? Do We Know the Real Impact of Government Interventions? Can Cheap Oil Hurt the Poor? Chapter 4: Inclusion: Those Who Are Always Left Behind Will We Ever Reach Gender Parity? Has Globalization Helped or Hurt Women? Impact Evaluation: A Woman's Best Friend? How Did Average Housewives Become the Greatest Generation of Argentine Women? Why Do the Poor Complain So Little? Why Is Early Childhood Development So Difficult? What Do We Know about Informal Workers? Chapter 5: Sectors: What Ministers Will Worry about-or Should Can Governments Create Industries? Does Foreign Investment Help You Join Global Value Chains? Can You Innovate Your Way out of the Middle-Income Trap? From Miami to Mumbai: What Makes Cities Competitive? How Will Technology Shape the World of Tomorrow's Leaders? How Will Tomorrow's Infrastructure Be Built? How Green Should Economic Growth Be? Is It Time to End Fuel Subsidies? Can Emerging Economies Have Universal Health Coverage? How Do You Measure the Economic Impact of Ebola? Is There New Power in Entertainment Education? How Do You Deal with Rising Food Prices? What Are "Commodity Super-cycles," and Why Do They Matter? How Do Oil-rich Governments Respond to Falling Oil Prices? Should Foreign Aid Be Abandoned? What's the Future of Foreign Aid? Chapter 6: Africa: The Last Frontier Is Africa's Emergence for Real? Can Africa Be Defragmented? Can Africans Become Shareholders in their Own Wealth? How Have the World's Newest Nations Fared? Can Africa Compete with China? Can Africa Follow China's Industrialization Path? Can Services Drive Africa's Development? Can Africa Feed Africa? How Does One Fix Africa's Statistics? Did Debt Forgiveness Work in Africa? Concluding Thoughts Notes Bibliography Index

"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

Selling point: Fully revised and updated second edition, with 20 new chapters covering the issues that matter today Selling point: Clear, concise introduction to development for economist and non-economists alike Selling point: Question-and-answer format, without formulae, charts or jargon Selling point: Dozens of actual, eye-opening stories of development policy in action Selling point: Written by a leading practitioner with almost three decades of experience around the world

Marcelo M. Giugale is the World Bank's Director of Financial Advisory and Banking Services, and a Fellow of the US National Academy of Public Administration. A development expert, opinion leader, and prolific writer, his experience spans Africa, Central Asia, Eastern Europe, Latin-America, and the Middle-East. He led over thirty billion dollars in lending, received decorations from the governments of Bolivia and Peru, and taught at American University in Cairo, the London School of Economics, and Universidad Católica Argentina.

Selling point: Fully revised and updated second edition, with 20 new chapters covering the issues that matter today Selling point: Clear, concise introduction to development for economist and non-economists alike Selling point: Question-and-answer format, without formulae, charts or jargon Selling point: Dozens of actual, eye-opening stories of development policy in action Selling point: Written by a leading practitioner with almost three decades of experience around the world