Breaking the Mold: India’s Untraveled Path to Prosperity

"Breaking the Mold picks up where Behind the Curve breaks off, arguing that the same forces that Robert Lawrence analyzes will prevent India from following the East Asian manufacturing-led development path. Instead, to become a richer country India will need to focus on the service sector. Doing this, they argue, will require both better rule of law and governance and more investment in the main input into the service sector—education—focusing on people instead of heavy subsidies to manufacturing. Although the book is specifically about India its broader analysis and lessons are relevant for a wide range of emerging economies and an interesting window into what might be the most important economic story of the next four decades."