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Introduction

In: Alternative Perspectives in Third-World Development

Author

Listed:
  • Masudul A. Choudhury
  • Uzir Abdul Malik
  • Mohammad Anuar Adnan

Abstract

Traditional views on economic growth and development, and the differences between these concepts in terms of their measurements and structural questions, are well known from the literature. The conflict between the paradigms of growth and development can be traditionally studied as one between economic efficiency, stability and sustained economic performance, on the side of economic growth; and distribution, political and ethical forces in market transformation, self-reliance, employment generation and more currently, sustainability, on the side of development. Yet a central issue has remained unaddressed regarding both these ends, namely, the ethical issue of economic transformation using the nature of markets, its interface with polity, the global economy and the policy prescriptions to support the momentum of such change.

Suggested Citation

  • Masudul A. Choudhury & Uzir Abdul Malik & Mohammad Anuar Adnan, 1996. "Introduction," Palgrave Macmillan Books, in: Masudul Alam Choudhury & Uzir Abdul Malik & Mohammad Anuar Adnan (ed.), Alternative Perspectives in Third-World Development, chapter 1, pages 1-11, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24853-7_1
    DOI: 10.1007/978-1-349-24853-7_1
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