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Much of development policy has been based on the search for a short to do list that would get countries moving. In this paper I argue that economic activity requires a large and highly interacting set of public policies and services, which constitute inputs into the production process. This is...
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Development economics in the 1950s and 1960s, as Tinbergen and Adelman saw it, was a “groping in the dark.” Besides the limited knowledge of dynamic mechanisms, the lack of data was a severe problem for any attempt at modeling, whether macroeconomic, input-output or in the tradition of...
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In this paper, we examine the economic policies that might allow a developing rural economy to escape from the poverty trap characterized by a subsistence level of per capita consumption in the long run. In our model where labour is combined to land available in fixed quantity to produce a...
Persistent link: https://www.econbiz.de/10014073069
This essay is an entry in the forthcoming Encyclopedia of International Economic Law from Edward Elgar Publishing, edited by Krista Nadakavukaren Schefer and Thomas Cottier and due to be published in 2016. Development is about aspiration — our longing for a better life as individuals and as a...
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