Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 26 May 2020

Abstract and Keywords

This chapter examines some of the key elements of the knowledge accumulated in the field of development economics. It begins by challenging the dominant paradigms of development thinking, from a fundamental, philosophical perspective. To this end, the chapter uses the experiences of Ghana and other African and developing countries as examples to illustrate the analytical sins committed by development economists. It argues that the failures of those countries in terms of economic development is primarily due to the pervasiveness of bad ideas, which translate into bad advice by influential economists—those in the position to shape or influence policy making. Two major strategic mistakes of development economics are highlighted: first, the wrong model economy and reference and second, the wrong assumptions and preconditions. The chapter concludes with key recommendations for a more appropriate approach aimed at enriching and strengthening development thinking.

Keywords: development economics, Ghana, Africa, developing countries, economic development, policy making

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.