 Traditional Development PolicyChapter 7 in Global Transition, 1999, pp 126-157 from Palgrave Macmillan Abstract: Abstract The objective of development economics is to explore the reasons for persistent underdevelopment and poverty, and to frame policies that can be employed by Third-World governments and international organizations to resolve these problems. Typically the role of development policy is viewed as removing those obstinate economic, political, and social barriers to transformational change in the developed world (World Bank 1993: 116). In this chapter the nature and scope of development policies are reviewed, and their theoretical and empirical foundations are discussed. It is argued that the extensive disagreement between experts on most policy issues, together with its fragmented nature, has risen because of the failure to construct a satisfactory general economic and political theory of the global development process. Policies are based on severely constrained partial theories, a good deal of casual empiricism, and unrestrained economic ideology. And much of the resulting policy lacks integration into a consistent whole. In order to resolve these problems it is essential to construct a general theory of economic development. Keywords: Technological Change; International Monetary Fund; Traditional Theory; Underdeveloped Country; Dynamic Strategy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98479-6_7 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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