Abstract
Development economics became an independent field of study in the 1950s. Since then we have witnessed differing views on the relationship between (nation) states and their economic development (Meier and Rauch, 2000, p. 421). In the early days, states were optimistically presumed to be represented by social-welfare-maximizing governments, but then the pessimistic view emerged that states were one of the largest hindrances to development and served only to maximize the profits of selected interest groups, politicians and/or bureaucrats.
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References
Forbes, Kristin (2000) ‘The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally’, NBER Working Paper, No. 7807, July.
Meier, Gerald M. and James E. Rauch (2000) Leading Issues in Economic Development, 7th edition (New York, Oxford University Press).
World Bank (1993) The East Asian Miracle (New York, Oxford University Press).
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© 2004 Akira Kohsaka
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Kohsaka, A. (2004). New Development Strategies: Beyond the Washington Consensus. In: Kohsaka, A. (eds) New Development Strategies. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523609_1
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DOI: https://doi.org/10.1057/9780230523609_1
Publisher Name: Palgrave Macmillan, London
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