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Development economics in retrospect and prospect

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  • Paul Collier

Abstract

Development economics has changed radically since 1990. The very concept of ‘developing countries’ has become antiquated as most previously poor countries have converged on rich ones, becoming less distinctive in consequence. The remaining domain of a distinctive development economics is the minority of poor countries that are not securely on a path to convergence. In addition, intellectual fashions have radically shifted. The previous focus on macro-structural issues has given way to new economic geography, quantitative empiricism, and new political economy, with considerable opportunities for economic psychology.

Suggested Citation

  • Paul Collier, 2015. "Development economics in retrospect and prospect," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 31(2), pages 242-258.
    • Handle: RePEc:oup:oxford:v:31:y:2015:i:2:p:242-258.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grv013
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    Cited by:

    1. Manuel Ennes Ferreira & Sandro Mendonça & João Pereira, 2018. "Gatekeeping African studies: What does “editormetrics” indicate about journal governance?," Working Papers Department of Economics 2018/07, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    2. Sandro Mendonça & João Pereira & Manuel Ennes Ferreira, 2018. "Gatekeeping African studies: what does “editormetrics” indicate about journal governance?," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(3), pages 1513-1534, December.

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