Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98323
Authors: 
Ranis, Gustav
Year of Publication: 
2004
Series/Report no.: 
Center Discussion Paper 886
Abstract: 
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 pre-conditions for development. Section II traces the increasing awareness of the role of prices, a diminishing reliance on the developmentalist state and an increased reliance on structural adjustment lending associated with IFI conditionality. Section III illuminates the search for 'silver bullets' which can be identified as key to the achievement of success. Finally, Section IV presents the author's assessment of where we are now and where we will, or should be, heading in the effort to achieve the third world's basic development objectives.
Subjects: 
Development Theory
Development Policy
JEL: 
O11
O20
Document Type: 
Working Paper

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