The Evolution of Development Thinking: Theory and Policy

This 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.


Issue Date:
2004
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/28528
PURL Identifier:
http://purl.umn.edu/28528
Total Pages:
40
JEL Codes:
O11; O20
Series Statement:
Center Discussion Paper No. 886




 Record created 2017-04-01, last modified 2018-09-26

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