Development Thinking and Planning in the New Millennium.

Abstract

As we moved toward the new millennium and closing out a century filled with excitement, and reflect over the way we thought about has become clear that development is possible but far from predictable and that there is no single road to development (Stiglitz, 200 I). development in the past half century, we can see marked changes. It recent years some East Asian economies have achieved sustained growth with relatively low inequality. They have not followed blindly the prescriptions of the Washington consensus: they did maintain a high level of macroeconomic stability, while at the same time governments played far more important roles. The debate about the most effective strategies for development and the appropriate role of the state is thus a continuing one, but research has helped us to understand better what features of developing countries make them differ from that of developed