Development Theory and the New International Economic Order

Suklamoy Chakravarty
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Suklamoy Chakravarty: Erasmus University

Chapter 7 in Economic Growth and Resources, 1979, pp 71-82 from Palgrave Macmillan

Abstract: 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.

Keywords: Development Theory; Capita Product; Transnational Corporation; Trade Diversion; Perfect Competition (search for similar items in EconPapers)
Date: 1979
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DOI: 10.1007/978-1-349-16229-1_7

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