Assuming a close relationship between peace and development, this paper analyses a
succession of schools of thought in development forming part of three distinct,
historically contextualized development and security discourses: the
industrialization imperative in the emerging state-system in nineteenth-century
Europe, the international concern with global poverty in the bipolar post second
world war world and the current meaning of development in a globalized and
increasingly chaotic world. The third of these discourses contains major challenges
for development theory. The discourses are related to great transformations in
political economy, understood in Polanyian terms as tensions between market
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