Conclusions from the Past and the Agenda for a New Generation of Development Economics

Matthias P. Altmann ()

Chapter Chapter 9 in Contextual Development Economics, 2011, pp 149-173 from Springer

Abstract: Abstract After three generations of changing paradigms, development economists know more today about the deep determinants of economic development than at any time before. This knowledge has helped to devise policies and programmes that contributed to the promotion of economic and human development in many parts of the world. But in almost all of these cases, internationally assisted development policies complemented already existing, home-grown development processes. In no case have development economists been able to devise programmes or policies that succeeded in igniting previously inexistent processes of sustained, broad-based growth. Of course, such economic miracles did happen in the last decades, most notably in East and South Asia, and have helped there to significantly lower the proportion of people that live in extreme poverty. But, again, these sustained growth accelerations were mostly driven by indigenous factors and unorthodox development strategies that dissented from the prevailing paradigms in the development literature.

Keywords: Development Policy; Economic Reality; Development Assistance; Recipient Country; Theoretical Finding (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-1-4419-7231-6_9

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DOI: 10.1007/978-1-4419-7231-6_9

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