Evolution of Development Policy

This book, the first of its kind in terms of the reinterpretation of the existing literature on development policy and of the actual development experience using a paradigmatic framework (which is original to this book), expands on five overarching themes. Firstly, it seeks to dissipate the current confusion about the overarching principle(s) of development that has had an adverse impact on the course of economic development. Secondly, the book demonstrates, with the help of extensive empirical evidence, that the traditional emphasis on Structural Transformation (the rising share of manufacturing as a percentage of total output) is indeed the key to development process. Thirdly, the book maintains that rather than looking at some of the basic policy issues-market versus the government, economic growth versus macroeconomic stability versus human development, export expansion versus import-substitution, physical versus human capital, etc-in a confrontational either-or fashion, the way to decide on them is to evaluate them in the light of real-life experience of the successful developers, especially of those scoring growth miracles. Fourth, this book has sought to answer the rather baffling question as to why should there still be so much altercation on the key development issues even in the face of clear empirical evidence to the contrary. The book asserts that these perceptional differences can be explained in terms of the economists' respective 'paradigmatic affiliations'. Fifth, the book argues that central development decisions about growth, equity, poverty reduction, human development, and macroeconomic stability, should be taken together in a holistic framework.

Readership: Academic economists, graduate and postgraduate students and policy-makers, NGOs, journalists, members of international organizations (of great international interest).

Syed Nawab Haider Naqvi

Dr Syed Nawab Haider Naqvi: MA from Yale (1961) and PhD from Princeton (1966) and post-Doctoral work done at Harvard (1971). Has published about 100 articles and 48 books and monographs on such diverse subjects as Econometric Modeling, International Economic Policy, Agricultural Economics, Comparative Economic Systems and Development Economics and Policy.

List of Tables
List of Figures
Preface
Acknowledgement
Part-1: Preliminaries
1. An Overview
2. Introduction
Part 2: The Traditional Development Paradigm
3. Rationale and Salience
4. The Foundational Issues
5. Key Development Policy Issues
6. Distributional and Related Matters
Part 3: The Liberalist Paradigm
7. Its Immaculate Birth and Ready Acceptance
8. Transformation of Policy Focus
9. Its Moral Foundations
Part 4: The Anti-Liberalist Consensus
10. Its Genesis
11. Some Practical Policy Aspects
12. The Moral Dimension
Part 5: The Human Development Paradigm
13. The Basic Elements
14. The Question of 'Identity'
15. Choice between Support-Led Strategy and Growth-Mediated Strategies
16. The Key Growth-Related Issues
17. Social Justice, Equity and Poverty Reduction
18. Its Moral Motivation
Part 6: Towards a New Development Paradigm
19. The Centrality of High and Inclusive Growth
20. Growth, Equality, and Poverty Reduction
21. Some Important Issues
22. Moral Foundations
Part 7: A Recapitulation
23. Towards a 'Constructive' Development Policy
24. Epilogue
References
Index