Evidence by the great depression, private markets needed a degree of govt regulation. Economies of many southern countries at independence were still largely based around. Southern govts may seem to be unlikely candidates as agents of development: externally they are often constrained by unequal international geopolitical relationships, and internally their relationships with their own citizens are often far from perfect. The rise, fall, and return of the developmental state. During the period of rapid decolonization of the global south following world war ii, the idea that national govts should actively direct social and economic change was a central theme in development thinking. Radical economic change to reflect the new political realities seemed necessary. Projects the tennessee valley administration (think back to his272) were virtually impossible for the private sector to conduct in the global south. Many southern govts, supported by international aid, did undertake such mega" development projects (dam building programmes in colombia; one of the wb"s first projects)
