Month: October 2010

This post discusses the evolutions of concept of development in the light of Liberal Economic Thought. The 20th century witnessed different variants of social change under the basic current of liberal capitalism. These are the welfare state model, developmental state, the modernization theories and the contemporary neo-liberal rhetoric under aegis of World Bank and IMF, … Read more

The historical and intellectual roots of the idea of development could be traced back to the period, when major social changes took place in the world. The period from 17th to 19th centuries witnessed marked social, economic and political changes. The Industrial Revolution, the American War of Independence, the French and Russian Revolutions are among … Read more