Introduction

Masudul A. Choudhury, Uzir Abdul Malik and Mohammad Anuar Adnan

Chapter 1 in Alternative Perspectives in Third-World Development, 1996, pp 1-11 from Palgrave Macmillan

Abstract: Abstract Traditional views on economic growth and development, and the differences between these concepts in terms of their measurements and structural questions, are well known from the literature. The conflict between the paradigms of growth and development can be traditionally studied as one between economic efficiency, stability and sustained economic performance, on the side of economic growth; and distribution, political and ethical forces in market transformation, self-reliance, employment generation and more currently, sustainability, on the side of development. Yet a central issue has remained unaddressed regarding both these ends, namely, the ethical issue of economic transformation using the nature of markets, its interface with polity, the global economy and the policy prescriptions to support the momentum of such change.

Keywords: Foreign Direct Investment; Monetary Policy; Poverty Alleviation; Alternative Perspective; North American Free Trade Agreement (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24853-7_1

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DOI: 10.1007/978-1-349-24853-7_1

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