Development planning in the xxi century? a note on old and new methods and tools

Ruben Mercado () and Fernando Porta

MPRA Paper from University Library of Munich, Germany

Abstract: The recent crisis of the Washington Consensus has brought with it the return of the involvement of the state in the development process in a number of countries. However, a lot of water has run under the bridge since the golden years of development planning. In this note we review the main methods and tools of development planning applied during those years, we evaluate their contemporary relevance, and we discuss the potential usefulness of newer tools to deal with some essential characteristics of the development process such as intertemporal dynamics, uncertainty and institutional innovation. We also review the theoretical and political changes that went along with the ups and downs of development planning.

Keywords: development planning; planning models and tools (search for similar items in EconPapers)
JEL-codes: C6 O21 (search for similar items in EconPapers)
Date: 2012-08
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