Open AccessDevelopment economics - development policies
Author(s) -
István Mustó
Publication year - 2021
Publication title -
competitio
Language(s) - English
Resource type - Journals
eISSN - 2939-7324
pISSN - 1588-9645
DOI - 10.21845/comp/2004/2/4
Subject(s) - dependency (uml) , socioeconomic status , process (computing) , development (topology) , management science , socioeconomic development , political science , economics , risk analysis (engineering) , positive economics , process management , computer science , sociology , economic growth , business , mathematics , artificial intelligence , mathematical analysis , population , demography , operating system
This is a brief summary of the development theories and policies of the last 5 decades. The neoclassic economic approach, dependency paradigm and the contemporary "post-modern" concepts and strategies are analyzed and commented with reference being made to the respective problems and fallacies. Development, so the conclusion, is a self-regulating process in complex open and dynamic socioeconomic systems that are not susceptible to planning but which are progressively improving their ability to manage their increasing complexity and the mechanisms to adjust to changing circumstances.