by C.R.Yadu and Sahil Mehra* Within the discourse of Development Economics, the most widely accepted theory is that of ‘structural transformation’ (ST), which posits that, over time, non-agricultural, high productivity, and capitalist sectors will gain greater significance in terms of both national income and employment, while the role of agricultural, low productivity, and non capitalist […]
Industrialization
by Yingyao Wang* The technocratic project, which once captured political imagination with its potential to manage society and the economy could be managed with rationality and scientific knowledge, seems in decisive decline. Democracy has reasserted its dominant value, and recent populist attacks on expertise have sounded a death knell for technocraticism. If anything, the technocrats […]