Chapter

Development as a Process of Change: Toward a Dynamic Public Economics

Nicholas Stern

in Proceedings of the British Academy, Volume 121, 2002 Lectures

Published by British Academy

Published in print December 2003 | ISBN: 9780197263037
Published online February 2012 | e-ISBN: 9780191734007 | DOI: http://dx.doi.org/10.5871/bacad/9780197263037.003.0011

Series: Proceedings of the British Academy

Development as a Process of Change: Toward a Dynamic Public Economics

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This lecture discusses some key lessons of development experience and the strategy they lead to. It shows how one can and should do further research on both the processes of development behind the strategy, and on the type of public economics that should inform public action. Aside from presenting a strategy for development, the lecture argues that this strategy provides both a basis for action and an agenda for research. The strategy is based on a review of fifty years of development, which in turn pinpoints some key strategic lessons such as the multiple dimensions of development and the complementarity of states and markets.

Keywords: development experience; processes of development; public economics; public action; strategy for development; research agenda; strategic lessons; multiple dimensions of development; states and markets

Chapter.  8921 words. 

Subjects: Social and Cultural History

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