Development economics in retrospect and prospect

collier, paul;

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