The Evolution of Development Thinking: Theory and Policy

Gustav Ranis ()
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Gustav Ranis: Economic Growth Center, Yale University

Working Papers from Economic Growth Center, Yale University

Abstract: 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.

Keywords: Development Theory; Development Policy (search for similar items in EconPapers)
JEL-codes: O11 O20 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2004-05
New Economics Papers: this item is included in nep-afr, nep-dev, nep-his, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:egc:wpaper:886

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