For the past couple of decades the Latin Americans, like their brethren in Africa and Asia, have been hell-bent in search of ‘development’ or ‘modernization’. While the Latin Americans were on the firing line, scholars and policy-makers in both the rich nations and the poor nations were involved in setting out an intellectual framework for analyzing the developmental process. New concepts to explain the meaning of development were devised; innovative measurements to gauge the level of development were proposed; a new vocabulary to capture the nuances of development was put forth.
