Description
The economic policy of developing countries shifted from government control to a market-based approach in the 1980s. However, governments still use economic management to drive growth, making development planning an important aspect of development policy. This involves various techniques and models, which are explained in a non-technical manner and demonstrated through real-world examples.
Reorientation from economic controls to a market-based approach led to significant changes in the economic policy of developing countries in the 1980s. Yet, with governments continuing to exercise economic management in order to accelerate growth beyond that achieved by market forces, techniques and models of development planning are still an integral feature of development policy management. Development Policy and Planning provides a non-technical explanation of the main techniques and models used for economic policy formulation. Each technique is illustrated in application through practical examples.
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