The latest edition of this classic text in development economics.
The history of the last twenty years has demonstrated the force of the Lal critique. The dogma in its old form has gone, as Professor Lal shows in a postscript that brings the original text up to date both in terms of statistics and in terms of the history of ideas. Nevertheless, as he warns, dirigiste tendencies have not disappeared, but are emerging in new guises.
2002, Hobart Papers 144, ISBN 0 255 36519 5, 263pp, PB
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