The Evolution of Development Thinking: Theory and Policy
AbstractThis paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the pre-conditions for development. Section II traces the increasing awareness of the role of prices, a diminishing reliance on the developmentalist state and an increased reliance on structural adjustment lending associated with IFI conditionality. Section III illuminates the search for "silver bullets" which can be identified as key to the achievement of success. Finally, Section IV presents the author's assessment of where we are now and where we will, or should be, heading in the effort to achieve the third world's basic development objectives.
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Bibliographic InfoPaper provided by Economic Growth Center, Yale University in its series Working Papers with number 886.
Length: 38 pages
Date of creation: May 2004
Date of revision:
Development Theory; Development Policy;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2005-11-05 (Africa)
- NEP-ALL-2005-11-05 (All new papers)
- NEP-DEV-2005-11-05 (Development)
- NEP-HIS-2005-11-05 (Business, Economic & Financial History)
- NEP-HPE-2005-11-05 (History & Philosophy of Economics)
- NEP-PKE-2005-11-05 (Post Keynesian Economics)
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