Abstract
Traditional views on economic growth and development, and the differences between these concepts in terms of their measurements and structural questions, are well known from the literature. The conflict between the paradigms of growth and development can be traditionally studied as one between economic efficiency, stability and sustained economic performance, on the side of economic growth; and distribution, political and ethical forces in market transformation, self-reliance, employment generation and more currently, sustainability, on the side of development. Yet a central issue has remained unaddressed regarding both these ends, namely, the ethical issue of economic transformation using the nature of markets, its interface with polity, the global economy and the policy prescriptions to support the momentum of such change.
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© 1996 Masudul Alam Choudhury. Uzir Abdul Malik and Mohammad Anuar Adnan
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Choudhury, M.A., Malik, U.A., Adnan, M.A. (1996). Introduction. In: Choudhury, M.A., Malik, U.A., Adnan, M.A. (eds) Alternative Perspectives in Third-World Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24853-7_1
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DOI: https://doi.org/10.1007/978-1-349-24853-7_1
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