Policies, Paradigms and Development Debate at Close of Twentieth Century

at Close of Twentieth Century Sudipto Mundle Economics of development emerged in a milieu of market failures following the great depression and new deal of 1930s when societies in the east as well as the west and the north as well as the south embraced the idea of the interventionist state. It is now generally recognised that apart from making macro-economic stability, governments in developing countries must intervene in sectors like health care, education, infrastructurat develolpment and conservation of environment.