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development economics (01)
Growth theory applied to the economic problems of developing countries. In a sense, it started with SMITH's The Wealth of Nations which was concerned with an analysis of the causes of economic growth, but it boomed as a subject in the period of decolonialization of the 1950s. When development economists began devising growth policies for less developed countries, they were inspired by Soviet economic management of the 1930s, wartime economic management and the MARSHALL PLAN for recovery in Western Europe. Criticism of the industrialization bias of early development plans, and their consequent environmental effects, made INTERMEDIATE TECHNOLOGY increasingly popular as a development strategy. References Hirschman, A.O. (1981) 'The rise and decline of development economics', in A.O. Hirschman (ed.) Essays in Trespassing, New York: Cambridge University Press.
Meier, G.M. (1989) Leading Issues in Economic Development, 5th edn, New York and Oxford: Oxford University Press.
Myint, H. (1980) The Economics of Developing Countries, London: Hutchinson.
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