Managerialism for Economic Development

That a developing economy needs management even more than resources is now becoming abundantly clear to all students of growth. There was perhaps a facile assumption in the earlier years that the rate of growth in a developing country depended in almost direct proportion to two factors: the resources available within the country, the land, water, minerals, savings and other relevant inputs; and the initial importation of aid from without, in terms of capital and skills not available within - but