Defining Development and its Relationship with the Bretton Woods System: a Critical Analysis

Type 6 Bungalow: built during early 1900’s. Lucknow, India. Photograph by the Author.

INTRODUCTION: WHAT IS DEVELOPMENT?

The concept of “development” refers to the sustained growth of a country or institution’s economy, which is often measured by improvements in the overall living standards of its population. The ultimate goal of economic development is to promote peace…