Development economics has evolved over the last 30 years. The "new school" has been shifting from the free market, or market sensitive ideology of economic development and more towards the development of individuals from a structural standpoint. In this vein, the view is that markets don't make people -- people make the markets and hence a focus on people is vital.
The reason why economists are now taking the development agenda to another height is because of the obvious fact that unfettered free markets, without social responsibility or human development components built in with them, leads to instability if safety measures aren't put in place to protect market participa ...

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