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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...
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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.
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Arthur Lewis' seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes or Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus...
Persistent link: https://www.econbiz.de/10011607423
This paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the...
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After having pointed out the diverse uses of the term infrastructure in the literature on the market-economy, the different categories of infrastructure will be described. The argument in this context is that the classification of infrastructure suggested by Jochimsen has proved useful:...
Persistent link: https://www.econbiz.de/10010322069