Both free trade and protectionism have been proffered as prescriptions for Third World development but neither has carried universal conviction. Neither import substitution nor export promotion strategies have come up to expectations. The author advocates a limited measure of delinking from the...

The salient feature of the theoretical discussion of development problems is still the rivalry between two approaches. An outline and critique of the dependencia school and the modernization theory is provided in the following article which also points out possibilities of combining both these...

The following article outlines the theories of development strategy which approach the subject from the theory of growth and discusses their practical applicability to planning activities in developing countries.