Development Dialogue in the 1980s and Beyond

Development Dialogue in the 1980s and Beyond Sukhamoy Chakravarty An important prerequisite to the resumption of the development dialogue is a much dearer understanding of the dynamics of the world economy. Any expectation that the world recovery in the eighties can be propelled by the worldwide operation of market forces without any modicum of planning is quite untenable. Economic models based on harmonious steady growth paths are largely irrelevant as possible outcomes of market processes. If balanced and relatively even development processes are at all desired objectives, they will need to be consciously planned for.