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Development theories and development experience: half a century journey

Vladimir Popov

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the impact that development theories have had on development policies, and the inverse impact of actual successes and failures in the global South on development thinking. It is argued that development thinking is at the cross-roads. Development theories in postwar period went through a full circle – from Big Push and ISI to neo-liberal Washington consensus to the understanding that neither the former, nor the later really works in engineering successful catch-up development. Meanwhile, economic miracles were manufactured in East Asia without much reliance on development thinking and theoretical background – just by experimentation of the strong hand politicians.

Keywords: Development theories; catch up growth; economic miracles; Washington consensus; import substitution; "Big push"; export orientation (search for similar items in EconPapers)
JEL-codes: O10 O11 O43 P51 (search for similar items in EconPapers)
Date: 2010-03
New Economics Papers: this item is included in nep-cwa and nep-his
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https://mpra.ub.uni-muenchen.de/28111/1/MPRA_paper_28111.pdf original version (application/pdf)

Related works:
Working Paper: Development theories and development experience: half a century journey (2010) Downloads
Working Paper: Development theories and development experience: half a century journey (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28111

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