Abstract
What makes countries rich or poor? Why are some countries prime movers of economic expansion while others are mired in stagnation? How do resources, technology and social arrangements interact to generate development? These questions have been widely debated since the ‘year of development’ (Birdsall et al., 2005) but they have preoccupied economists since the eighteenth century. Malthus viewed the discovery of ‘the causes of the wealth and poverty of nations [as] the grand object of all enquiries in Political Economy’.1 Adam Smith laid the foundations of classical economics in order to elucidate the ‘progress towards opulence and improvement’ of nations. Since then, we have learnt a great deal about how economies grow.
‘Each project may not look formidable on its own but the combined impact of hundreds of co-ordinated projects could far outweigh empty words and rhetoric.’
Junichiro Koizumi, Prime Minister of Japan (2005)
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Picciotto, R. (2009). Development Effectiveness: An Evaluation Perspective. In: Mavrotas, G., McGillivray, M. (eds) Development Aid. Studies in Development Economics and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230595163_8
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DOI: https://doi.org/10.1057/9780230595163_8
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