Monitoring and evaluation

Topics: Economics, Economic growth, Economic development Pages: 11 (1228 words) Published: December 18, 2013
Development Finance
Monitoring and Evaluation
Lecture-I

Dec 2, 2013

Learning objectives

1

What is development?

2

Emergence of development economics

3

Development planning in India

4

Evaluating development programmes

5

What is impact evaluation?

6

Types of evaluation

7

Evidence-based policy making

8

Evaluation questions; hypotheses and performance indicators

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

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What is development?

It is a process that increases "the range of human choice"
[Sen,2000]
Development is a multidimensional concept: HDI (UNDP)
Growth is unidimensional: PCI, GDP
Growth and development are interdependent: two-way causality Inclusive growth or growth with a ’human face’
Eradication of "capability" deprivations: hunger, malnutrition, access to healthcare, education, etc.
Efficiency vs Equity: Bhagwati vs Sen

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

3 / 11

Development economics as a discipline

Emerged in 1940s (following World War II): Asian, African and Caribbean colonies became independent
How to achieve development in these emerging economies?
Their problems are wholly different from those in advanced countries Need for planning was felt
Promoters of development: The World Bank and its affiliates, agencies of UN, etc. New development economics went beyond classical(Smith, Malthus, Ricardo) and neoclassical predecessors

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

4 / 11

Development economics as a discipline

Emerged in 1940s (following World War II): Asian, African and Caribbean colonies became independent
How to achieve development in these emerging economies?
Their problems are wholly different from those in advanced countries Need for planning was felt
Promoters of development: The World Bank and its affiliates, agencies of UN, etc. New development economics went beyond classical(Smith, Malthus, Ricardo) and neoclassical predecessors
Why a separate discipline?
"Development economics consists in part of the refinement of general economics to deal with questions which arise in the context of development, and partly of certain special ideas which have proved useful in studying developing countries."

[Bliss, Handbook of Development Economics(1989)]

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

4 / 11

Development economics as a discipline

Emerged in 1940s (following World War II): Asian, African and Caribbean colonies became independent
How to achieve development in these emerging economies?
Their problems are wholly different from those in advanced countries Need for planning was felt
Promoters of development: The World Bank and its affiliates, agencies of UN, etc. New development economics went beyond classical(Smith, Malthus, Ricardo) and neoclassical predecessors
Why a separate discipline?
"Development economics consists in part of the refinement of general economics to deal with questions which arise in the context of development, and partly of certain special ideas which have proved useful in studying developing countries."

[Bliss, Handbook of Development Economics(1989)]
Development economics is dead (Hirschman, 1981; Lal, 1983): ’East Asian Miracle’ as a triumph of free market

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

4 / 11

Development planning in India
Initial phase: industrialisation (Mahalanobis model); inward looking policies
Economic reforms
India’s economy grew rapidly during 2003-2007: average annual growth rate was 8.8% [Economic Survey]

Development Finance (IFMR)

Monitoring and Evaluation

Dec 2,2013

5 / 11

Development planning in India
Initial phase: industrialisation (Mahalanobis model); inward looking policies
Economic reforms
India’s economy grew rapidly during 2003-2007: average annual growth rate was...
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