DEVELOPMENT STRATEGIES AND ROLE OF GOVERNMENT
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Abstract
This paper surveys the recent stream of thoughts in the issues of development strategies
and role of government. From the generation of state-led development and very high government
intervention to the generation of neo-liberalism with minimal role of government, we have witnessed
the ups and downs of those generations. From those lessons, the new generation development strategies
of the twenty-first century have emerged. More equitable distribution and poverty reduction, decent
public institutions, and economic stabilization are the key strategies, which require a significant role of
government. These key strategies aim to achieve the sustainable development of the world focusing
more on the human well-being.
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