Chapter 3 Learning Objectives

Theories of Development Economics

To understand economic development as an aspiration for betterment that has existed since at least the Industrial Revolution
To learn how development economics was framed by the experiences of the Great Depression, the Second World War, and the Cold War.
To recognize the tension in development economics between freeing the market and assigning the state a critical role vis-à-vis the market.
To identify the different theoretical schools of development economics since the mid-20th century until today.