Due to variety of reasons including moral, economic and political ones, economic development has been a prominent matter of interest in political science as well as economics. An essential connection between economic development and political science stems from the question of state’s role in the economic development of any country.  Practitioners and academics advocated different answers to this question ranging from complete socialist state control of economy to “laissez faire” market economics. State involvement in economic development has produced total collapses as well as success stories. Thus, it’s the degree and the means of state interference in economic development that should be studied. Although states should be involved in the development efforts, they should only be encouraging beneficial economic practices and supporting growth friendly sectors or sub-sectors, aiming at an import oriented market economy. As the country develops, the state should intervene subtly to ensure that increase in average income is mirrored in decreasing poverty, in human development and in sustainable practices. More: Read the rest of this entry…