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Nurkse and the Role of Finance in Development Economics

Jan Kregel

Economics Working Paper Archive from Levy Economics Institute

Abstract: Ragnar Nurkse was one the pioneers in development economics. This paper celebrates the hundredth anniversary of his birth with a critical retrospective of his overall contribution to the field, in particular his views on the importance of employment policy in mobilizing domestic resources and the difficulties surrounding the use of external resources to finance development. It also demonstrates the affinity between Nurkse's theory of mobilizing domestic resources and employer-of-last-resort proposals.

Date: 2007-11
New Economics Papers: this item is included in nep-dev, nep-hpe and nep-pke
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