The frontiers of development studies: some issues of development policy

Abstract

This paper discusses some issues of development policy: the view that each country passes through comparable stages of growth is not tenable, because the co-existence of rich and poor countries alters the prospects of the poor countries; the role of education in development, to make school curricula more agricultural, vocational and technical is not enough to accelerate development. The use of shadow prices in development planning: Shadow-pricing requires a number of artificial assumptions.