Transcription of Economic Development: Overview
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Economic Development: Overview
CHAPTER2 Economic development : OverviewBy the problem of Economic development I mean simplythe problem of accounting for the observed pattern, acrosscountries and across time, in levels and rates of growth ofper capita income. This may seem too narrow a definition,and perhaps it is, but thinking about income patterns willnecessarily involve us in thinking about many other aspectsof societies too, so I would suggest that we withholdjudgement on the scope of this definition until we have aclearer idea of where it leads us. R. E. Lucas [1988][W]e should never lose sight of the ultimate purpose ofthe exercise, to treat men and women as ends, to improvethe human condition, to enlarge people s choices. [A] unityof interests would exist if there were rigid links betweeneconomic production (as measured by income per head)and human development (reflected by human indicatorssuch as life expectancy or literacy, or achievements such asself-respect, not easily measured).
May 15, 1993 · 18 Economic Development: Overview social task facing us today. Every year, aid is disbursed, investments are undertaken, policies are framed, and elaborate plans hatched to …
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