Publication:
Early Development Economics Debates Revisited

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dc.contributor.authorAlacevich, Michele
dc.date.accessioned2012-06-08T19:03:17Z
dc.date.available2012-06-08T19:03:17Z
dc.date.issued2007-12
dc.description.abstractDevelopment economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches- "balanced growth" vs. "unbalanced growth" or "program loans" vs. "project loans." This view has the merit to highlight such conflicts in great detail; yet it fails to take into account the reality of development economics as it was practiced in the field. This paper reassesses these old conflicts by complementing the traditional focus on theoretical debates with an emphasis on the practice of development economics.A particularly interesting example is the debate between Albert Hirschman, one of the fathers of the "unbalanced growth" approach, and Lauchlin Currie, among the advocates of "balanced growth" on how to foster iron production in Colombia in the 1950s. An analysis of the positions held by these two economists shows that they were in fact much less antithetical than is usually held and, indeed, were in some fundamental aspects surprisingly similar. Debates among development economists during the 1950s thus must be explained-at least partially-as the natural dynamics of an emerging discipline that took shape when different groups tried to achieve supremacy-or at least legitimacy-through the creation of mutually delegitimizing systemic theories.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/12/8880119/early-development-economics-debates-revisited
dc.identifier.doi10.1596/1813-9450-4441
dc.identifier.urihttps://hdl.handle.net/10986/7565
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4441
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectBENEFICIARY
dc.subjectCAPITAL FORMATION
dc.subjectCLASSICAL ECONOMISTS
dc.subjectCOMMODITIES
dc.subjectCONTRIBUTIONS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISEQUILIBRIUM
dc.subjectDISGUISED UNEMPLOYMENT
dc.subjectDISMISSAL
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ADVISERS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC THEORIES
dc.subjectECONOMIC THOUGHT
dc.subjectECONOMIES OF SCALE
dc.subjectECONOMISTS
dc.subjectENTREPRENEURSHIP
dc.subjectEXCHANGE RATES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL RESOURCES
dc.subjectFIRST LOANS
dc.subjectFOREIGN CURRENCY
dc.subjectFREE PRESS
dc.subjectGROWTH THEORY
dc.subjectHIGH EMPLOYMENT
dc.subjectHOUSING
dc.subjectINCREASING RETURNS
dc.subjectINDUSTRIAL ECONOMY
dc.subjectINDUSTRIALIZATION
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTING
dc.subjectINVESTMENT PROGRAM
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOUR
dc.subjectLINE OF CREDIT
dc.subjectLOAN
dc.subjectMARKET SHARE
dc.subjectNATIONAL ECONOMY
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SERVICES
dc.subjectREORGANIZATION
dc.subjectREPAYMENT
dc.subjectSALARIES
dc.subjectSELF-SUFFICIENCY
dc.subjectSENIOR
dc.subjectSOCIAL CONFLICT
dc.subjectSOCIAL JUSTICE
dc.subjectSOCIAL SECURITY
dc.subjectSOCIOLOGISTS
dc.subjectTOP MANAGEMENT
dc.subjectTRANSPORT
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYED WORKERS
dc.subjectUNEMPLOYMENT
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.subjectWORTH
dc.titleEarly Development Economics Debates Revisiteden
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleEarly Development Economics Debates Revisited
okr.date.doiregistration2025-04-10T10:25:12.339418Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/12/8880119/early-development-economics-debates-revisited
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid980951468338671925
okr.identifier.doi10.1596/1813-9450-4441
okr.identifier.externaldocumentum000158349_20071213112057
okr.identifier.internaldocumentum8880119
okr.identifier.reportWPS4441
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/12/13/000158349_20071213112057/Rendered/PDF/wps4441.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicSocial Protections and Labor::Labor Policies
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication6a666a5c-1f8e-55d0-9b50-b59677a7d74b
relation.isAuthorOfPublication.latestForDiscovery6a666a5c-1f8e-55d0-9b50-b59677a7d74b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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