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My favorite example of the white elephant problem are the ghost cities in China. Cities built for millions of people an no one lives there. And there are several of these cities. The video on this site is particularly interesting. http://www.theblaze.com/stories/amazing-video-emerges-of-chinas-ghost-ci...
One criticism you don't raise is that very little of the official aid, the main source of government investment, gets through to the point where it could lead to development. Corruption in developing countries is matched by management fees and expert honoraria in donor institutions. Yet corruption is mentioned much more often than aid drain. Does PRR give examples of where the big push has occurred? Singapore, Taiwan, israel and South Korea are not models we can use to make the point.