This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...

Bis zum Ende der achtziger Jahre dominierte in der Wachstumstheorie das neoklassische Paradigma, das auf Tinbergen (1942) zurückgeht und vor allem von Solow (1956) weiterentwickelt wurde. Nachdem dieser Ansatz in seiner Entwicklung zu einem gewissen Abschluß gekommen war, wurde die...

Most low income countries are characterised by a high dependence on exports of a small number of agricultural or mineral commodities. In the 1980s, the economic and social performance of these countries has been extremely dismal. Declining per capita incomes, stagnating food production, and an...

While we know a lot about how countries become prosperous, we have only begun to understand how aid contributes to economic growth and poverty reduction. The development record is mixed and no robust association between the volume of aid and development performance has been discovered. The...