ABSTRACT

What unifies these new developmentalist economists is a form of “developmental pragmatism”: they are concerned with the problems of development that preoccupied the developmentalist pioneers of the mid-twentieth century, chief among them Rosenstein-Rodan (1943), Nurkse (1953), Lewis (1954), and Hirschman (1959); they are policy-oriented and largely endorse the policy solutions recommended by the early developmentalists; they support institutional development and engagement with economic globalization; they are concerned with promoting social justice; and they view the market as a means to be harnessed for this alternative program of development rather than as a master whose dictates are to be obeyed.