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Agenda Change in Western Development Organizations: From Hard Production to Soft, Timeless, Placeless Policy

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  • Robert H. Wade

    (Professor of Political Economy and Development, London School of Economics.)

Abstract

This is a talk about the dramatic change in the understanding of what constitutes “development” that occurred in the West and in much of the developing world after the mid 1980s. Before that time it was widely understood that development meant rising overall “prosperity” and that heavy investment in infrastructure and in industry were key drivers. After the mid 1980s the content of development came to be “extreme poverty reduction”, “humanitarian assistance”, “primary school education”, “primary health care”, “anti-corruption”. Why this change? I argue that it was due to several factors: (1) the end of the Cold War, and the resulting change in the geopolitical strategy of Western states led by the US; (2) the increasing strength of “post-materialist” values in developed countries and their translation into the content of Western development thinking (eg World Bank, USAID, DfID); (3) business interests in the West; and (4) continued Western control of inter-state organizations that are meant to be organizations for the world (eg World Bank). There are now small signs of change in favor of investment in production and infrastructure, thanks partly to the recent emergence of inter-state “by- pass” organizations not controlled by Western states (such as the New Development Bank, the Asia Infrastructure Investment Bank).

Suggested Citation

  • Robert H. Wade, 2015. "Agenda Change in Western Development Organizations: From Hard Production to Soft, Timeless, Placeless Policy," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 1-12, September.
  • Handle: RePEc:lje:journl:v:20:y:2015:i:sp:p:1-12
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    References listed on IDEAS

    as
    1. Justin Yifu Lin, 2013. "From Flying Geese to Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries," International Economic Association Series, in: Joseph E. Stiglitz & Justin Lin Yifu & Ebrahim Patel (ed.), The Industrial Policy Revolution II, chapter 1, pages 50-70, Palgrave Macmillan.
    2. Jakob Vestergaard & Robert H. Wade, 2015. "Still in the Woods: Gridlock in the IMF and the World Bank Puts Multilateralism at Risk," Global Policy, London School of Economics and Political Science, vol. 6(1), pages 1-12, February.
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    Cited by:

    1. Cherif, Reda & Engher, Marc & Hasanov, Fuad, 2024. "Crouching beliefs, hidden biases: The rise and fall of growth narratives," World Development, Elsevier, vol. 173(C).
    2. Robert H. Wade, 2018. "The Developmental State: Dead or Alive?," Development and Change, International Institute of Social Studies, vol. 49(2), pages 518-546, March.
    3. Robert H Wade, 2016. "Industrial Policy in Response to the Middle-income Trap and the Third Wave of the Digital Revolution," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 469-480, November.
    4. Wade, Robert H., 2018. "The developmental state: dead or alive?," LSE Research Online Documents on Economics 87356, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Development; production; western countries; policy.;
    All these keywords.

    JEL classification:

    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other

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