Development Economics or Unrealistic Dream?

  • Ernst G. Frankel


Development economists usually concentrate on theoretical analysis and try to explain real world economic behavior, by mathematical expressions or models. The result may lead to the theoretical explanations of practical or real situations and their cause and effect relationships. This can on occasion result in erroneous assumptions and, sometimes, policy proposals which miss the mark or do not address the actual problems. This is particularly true in the area of development where we had some major structural and policy failures.


Capita Income Economic Freedom Purchasing Power Parity Tradable Credit Debt Relief 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    Paulo Mauro, “The Effects of Corruption on Growth, Investment and Government Expenditure: A Cross-Country Analysis”, in Kimberly Ann Elliott, ed., Corruption and the Global Economy (Washington, D.C.: Institute for International Economics, 1997.Google Scholar
  2. 2.
    Susan Rose-Ackerman, Corruption and Development, World Bank Conference on Development Economics, Washington, D.C., April 30–May 1, 1997.Google Scholar
  3. 3.
    Daniel Kaufmann, Corruption: the Facts, Foreign Policy, Summer 1997.Google Scholar

Copyright information

© Ernst G. Frankel 2005

Authors and Affiliations

  • Ernst G. Frankel

There are no affiliations available

Personalised recommendations