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Proceedings of the British Academy, Volume 121, 2002 Lectures$
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P. J. Marshall

Print publication date: 2003

Print ISBN-13: 9780197263037

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197263037.001.0001

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PRINTED FROM BRITISH ACADEMY SCHOLARSHIP ONLINE (www.britishacademy.universitypressscholarship.com). (c) Copyright British Academy, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in BASO for personal use.date: 20 September 2021

Development as a Process of Change: Toward a Dynamic Public Economics

Development as a Process of Change: Toward a Dynamic Public Economics

Keynes Lecture in Economics

Chapter:
(p.276) (p.277) Development as a Process of Change: Toward a Dynamic Public Economics
Source:
Proceedings of the British Academy, Volume 121, 2002 Lectures
Author(s):

Nicholas Stern

Publisher:
British Academy
DOI:10.5871/bacad/9780197263037.003.0011

This lecture discusses some key lessons of development experience and the strategy they lead to. It shows how one can and should do further research on both the processes of development behind the strategy, and on the type of public economics that should inform public action. Aside from presenting a strategy for development, the lecture argues that this strategy provides both a basis for action and an agenda for research. The strategy is based on a review of fifty years of development, which in turn pinpoints some key strategic lessons such as the multiple dimensions of development and the complementarity of states and markets.

Keywords:   development experience, processes of development, public economics, public action, strategy for development, research agenda, strategic lessons, multiple dimensions of development, states and markets

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