“Development and Transition:Idea,Strategy and Viability”is the title of a lecture given by Justin Yifu Lin,professor at the China Center for Economic Research of Peking University, when he spoke at the Cambridge University-sponsored Marshall Lectures from October 31-November 1.In his talk, Lin elaborated on the successes and failures of China’s econom- ic transition along with those of other developing countries. Excerpts follow: “Development and Transition: Idea, Strategy and Viability ” is the title of a lecture given by Justin Yifu Lin, professor at the China Center for Economic Research of Peking University, when he spoke at the Cambridge University-sponsored Marshall Lectures from October 31-November 1.In his talk, Lin elaborated on the successes and failures of China’s econom- ic transition along with those of other developing countries. Excerpts follow: