Plowing the Sea. Nurturing the Hidden Sources of Growth in the Developing World.
by Michael Fairbanks & Stace Lindsay
Foreword by Michael E. Porter
Harvard Business School Press, 1997
Michael Fairbanks and Stace Lindsay argue that the tremendous advantages developing nations have in natural resources, inexpensive labor, and fertile soil have actually kept these nations poor. Their advantages — easily imitated in other areas around the world — have not been sufficient engines for growth. Billions of dollars have been spent to eradicate poverty; still these regions remain as dependent as ever on volatile natural resource exports and foreign aid. Plowing the Sea is the authors’ attempt to unearth and nurture the hidden sources of growth — knowledge, innovation, and human capital — that remain untapped in developing countries.
