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Development planning in the xxi century? a note on old and new methods and tools

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  • mercado, p. ruben
  • porta, fernando

Abstract

The recent crisis of the Washington Consensus has brought with it the return of the involvement of the state in the development process in a number of countries. However, a lot of water has run under the bridge since the golden years of development planning. In this note we review the main methods and tools of development planning applied during those years, we evaluate their contemporary relevance, and we discuss the potential usefulness of newer tools to deal with some essential characteristics of the development process such as intertemporal dynamics, uncertainty and institutional innovation. We also review the theoretical and political changes that went along with the ups and downs of development planning.

Suggested Citation

  • mercado, p. ruben & porta, fernando, 2012. "Development planning in the xxi century? a note on old and new methods and tools," MPRA Paper 58610, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58610
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    References listed on IDEAS

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    More about this item

    Keywords

    development planning; planning models and tools;

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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