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Development Theory and the New International Economic Order

In: Economic Growth and Resources

Author

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  • Suklamoy Chakravarty

    (Erasmus University)

Abstract

Development is generally defined as growth plus structural change. Therefore, a theory of development should explain both phenomena. However, it is widely recognised that any explanation of structural changes presents many unsolved problems. Moreover, it is even doubtful whether a credible deductive scheme that could explain the usual features which characterise the process of development will ever be formulated. Even less ambitious schemes dealing with the variations experienced by comparatively stable structures represented by the economies of developed societies run into difficulties which are not insignificant.

Suggested Citation

  • Suklamoy Chakravarty, 1979. "Development Theory and the New International Economic Order," International Economic Association Series, in: Irma Adelman (ed.), Economic Growth and Resources, chapter 7, pages 71-82, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16229-1_7
    DOI: 10.1007/978-1-349-16229-1_7
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    Cited by:

    1. Edward J. Malecki, 1983. "Technology and Regional Development: A Survey," International Regional Science Review, , vol. 8(2), pages 89-125, October.

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