“…It is worth noting that, in support of the above arguments, Wang and Swanson (2008) cited economic development literature primarily from the 50s, 60s, and 70s: Harbison and Myers (1964), Lewis (1954), Schultz (1964), Adelman (1974), Rostow (1959Rostow ( , 1971Rostow ( , 1990, Bauer andWilson (1962), Fishlow (1965), Kuznets (1961), Myrdal (1944Myrdal ( , 1957Myrdal ( , 1968, Merton (1968Merton ( , 1988, Nelson (1956), Rosenstein-Rodan (1943), and others. Even when they cited more recent works- Basu (1997), Ghatak (1995), Ray (1998), and othersmost of these are a summarization of the earlier research. Contemporary work on economic development is almost nowhere to be found.…”