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During the early nineteen sixties, Albert Hirschman negotiated with the International Bank of Reconstruction and … controversy between the IBRD staff and Hirschman. One of the major points of disagreement was the latter´s refusal to employ the … technique of cost-benefit analysis, then very popular at the WB, as a measure of the success of a project. Hirschman claimed …
Persistent link: https://www.econbiz.de/10010568575
Gunnar Myrdal published Asian Drama in 1968, a work which made important analytical contributions to our understanding of development but was deeply pessimistic about Asia's future prospects. Since then, contrary to Myrdal's expectations, Asia's development has been remarkable, although...
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Peter Bauer was a pioneer in development economics and his contributions to the field have been vindicated by the collapse of central planning. Through most of his career, however, Bauer was marginalized by the economics profession. Even after the fall of the Berlin Wall, economists frequently...
Persistent link: https://www.econbiz.de/10008484305
(Lewis, Hirschman, Rostow and others) were aware that Harrod's and Domar's growth models addressed economic instability based …
Persistent link: https://www.econbiz.de/10011600579
Abstract This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward...
Persistent link: https://www.econbiz.de/10011260514
This contribution examines how gender equality features in the World Bank's World Development Report 2006: Equity and Development, focusing on its conceptual framework, use of empirical evidence, and policy recommendations. It concludes that despite acknowledging that liberalization and...
Persistent link: https://www.econbiz.de/10004966748
The objective of this article is to approach the concepts of growth and economic development in order to highlight the essential aspects that differentiate them. These are fundamental concepts that define the economy of a nation and contribute for a better life for it. Economic growth does not...
Persistent link: https://www.econbiz.de/10012297373