Development economics emerged in the 1950s and, during its first quarter century, evolved in the context of both the Cold War and docolonization. The ascendance of free market conservatism in the west in the early 1980s was followed by the consolidation of the counter-revolution against the ‘old’ development economics, together with a corresponding promotion of neoliberal economic policies that came to be known as the Weshington Consensus. Over the last ...
