Economic growth across countries during the last 30 years or so has displayed 'dual' divergence: between the developed group and the developing group, and among developing countries. The structural transformation in developing countries has been either slow or of an anomalous nature.

This illuminating study by Mohan L. Lakhera presents a systematic analysis of the deprivations and inequalities across countries and argues for change through structural transformation, diversified manufacturing, productivity growth and transport infrastructure development. Lakhera unveils a new paradigm of development for such countries to climb the ladder to achieve sustained high growth to catch up with the developed world.