ENGLISH

The Strategy of Economic Development

By Albert O. Hirschman

Book information

Publisher
Yale Uniwersity Press
Year
1958
Language
english
Format
PDF
Filesize
8 MB (8708708 bytes)
Series
Yale Paperbound Y-40.
Pages
217\116
Topic
Economy
Orientation
landscape
Paginated
no
Scanned
yes
Time added
2017-02-26 22:23:19
Economic development

Description

Hirschman revolted against the importation and application of conventional economic doctrinal prescriptions for economic development. Rather, he insisted that economic development should be analyzed on a case-by-case basis, exploiting indigenous resources and structures to achieve the desired results. Imposing a unifrom doctrinal structure, regardless of local circumstances, Hirschman argued, was a sure-fire recipe for disasterous development. Developed and underdeveloped economies, Hirschman argued, had "hidden rationalities" and it is the job of the development economist to exploit these and harness development planning to them. Hirschman's "forward and backward linkages" concept has been one of the most used terms in economic development theory since.

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