Publication:
Early Development Economics Debates Revisited

dc.contributor.author Alacevich, Michele
dc.date.accessioned 2012-06-08T19:03:17Z
dc.date.available 2012-06-08T19:03:17Z
dc.date.issued 2007-12
dc.description.abstract Development 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.identifier http://documents.worldbank.org/curated/en/2007/12/8880119/early-development-economics-debates-revisited
dc.identifier.uri http://hdl.handle.net/10986/7565
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4441
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AGRICULTURAL SECTOR
dc.subject AGRICULTURE
dc.subject BENEFICIARY
dc.subject CAPITAL FORMATION
dc.subject CLASSICAL ECONOMISTS
dc.subject COMMODITIES
dc.subject CONTRIBUTIONS
dc.subject CREDITWORTHINESS
dc.subject DEBT
dc.subject DECISION MAKING
dc.subject DEVELOPMENT ECONOMICS
dc.subject DEVELOPMENT STRATEGIES
dc.subject DISEQUILIBRIUM
dc.subject DISGUISED UNEMPLOYMENT
dc.subject DISMISSAL
dc.subject ECONOMIC ACTIVITIES
dc.subject ECONOMIC ADVISERS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC MANAGEMENT
dc.subject ECONOMIC POLICY
dc.subject ECONOMIC THEORIES
dc.subject ECONOMIC THOUGHT
dc.subject ECONOMIES OF SCALE
dc.subject ECONOMISTS
dc.subject ENTREPRENEURSHIP
dc.subject EXCHANGE RATES
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL RESOURCES
dc.subject FIRST LOANS
dc.subject FOREIGN CURRENCY
dc.subject FREE PRESS
dc.subject GROWTH THEORY
dc.subject HIGH EMPLOYMENT
dc.subject HOUSING
dc.subject INCREASING RETURNS
dc.subject INDUSTRIAL ECONOMY
dc.subject INDUSTRIALIZATION
dc.subject INTERNATIONAL BANK
dc.subject INVESTING
dc.subject INVESTMENT PROGRAM
dc.subject LABOR PRODUCTIVITY
dc.subject LABOUR
dc.subject LINE OF CREDIT
dc.subject LOAN
dc.subject MARKET SHARE
dc.subject NATIONAL ECONOMY
dc.subject POLITICAL ECONOMY
dc.subject POLITICAL INSTITUTIONS
dc.subject PRODUCTIVITY
dc.subject PUBLIC POLICIES
dc.subject PUBLIC SERVICES
dc.subject REORGANIZATION
dc.subject REPAYMENT
dc.subject SALARIES
dc.subject SELF-SUFFICIENCY
dc.subject SENIOR
dc.subject SOCIAL CONFLICT
dc.subject SOCIAL JUSTICE
dc.subject SOCIAL SECURITY
dc.subject SOCIOLOGISTS
dc.subject TOP MANAGEMENT
dc.subject TRANSPORT
dc.subject UNEMPLOYED
dc.subject UNEMPLOYED WORKERS
dc.subject UNEMPLOYMENT
dc.subject WAGES
dc.subject WATER SUPPLY
dc.subject WORTH
dc.title Early Development Economics Debates Revisited en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2007/12/8880119/early-development-economics-debates-revisited
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Social Protection and Labor
okr.globalpractice Finance and Markets
okr.identifier.doi 10.1596/1813-9450-4441
okr.identifier.externaldocumentum 000158349_20071213112057
okr.identifier.internaldocumentum 8880119
okr.identifier.report WPS4441
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/12/13/000158349_20071213112057/Rendered/PDF/wps4441.pdf en
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Economic Theory and Research
okr.topic Banks and Banking Reform
okr.topic Social Protections and Labor :: Labor Policies
okr.topic Macroeconomics and Economic Growth
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isAuthorOfPublication 6a666a5c-1f8e-55d0-9b50-b59677a7d74b
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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