| Popis: |
It has been argued that the Big Ideas of development economists and development agencies over the last 50 years have been deeply flawed. These include: the emphasis on government planning and control, on import substitution, on investment led growth, on education, on heavy reliance on incentives and market pricing and market allocations, on discouraging population growth rates, on following balanced or unbalanced growth and growth patterns, the resort to structural adjustment loans and explaining growth by geography or institutions and governance conditions. In contrast, I advance a contrary hypothesis. It is that there is some truth in many of the suggestions and most of them are useful in specific times and places. The internal conditions of each country are to some degree, and often to a high degree, unique and keep changing, which is true also of their external circumstances. This requires flexibility, adjustments and changing emphases. So the critical issues for each country and policies prepared for them must not only be somewhat different, but also must be continually modified. |
Full Text from ScienceDirect