Development Economics (L1).pptVIP

Mozaffar Qizilbash Development Economics (L1) Background and Concepts (1) As a discipline development economics is relatively young, emerging after the second world war. It emerged at a time when Keynes’ work was influential,growth theory was emerging and both economists and policy makers were confident. Background and Concepts (2) Influential work in the early days included models of growth (Harrod-Domar and Solow), and theories of modernization and industrialisation (Rostow, Lewis et al). By the 1970s there were significant worries about the project of development because of persistent high