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Whither Development Economics?

Chapter in book
Authors Arne Bigsten
Published in Paths for sustainable economic development : a festschrift to honor Shubhashis Gangopadhyay on his 60th birthday / edited by: Robert Lensink, Stefan Sjögren, Clas Wihlborg.
Pages 45-59
ISBN 978-91-639-5215-9
Publisher Lensink, Sjögren & Whilborg, L, S & G.
Place of publication Groningen, Gothenburg, Orange CA.
Publication year 2017
Published at Gothenburg Centre for Globalization and Development (GCGD)
Department of Economics
Pages 45-59
Language en
Keywords development economics, review, methodology
Subject categories Economics

Abstract

This paper discusses the historical roots of development economics and how it has changed over the last half century. We first identify the most important changes in orientation within development economics and discuss whether there are important areas that have been side-lined. Then we look at current work in development economics and discuss where the field should go in the future. It is argued that development economics must have a strong focus on policy. Areas which require more analysis include the determinants of the quality of government, investment in physical and human capital, and structural change. There is also a need further work on the processes and consequences of globalization and about how global collaboration can enhance global justice.

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