The new development orthodoxy: a critique of the debate around the World Bank’s vision and elements for an alternative neo-Schumpeterian approach

Carlos Augusto Grabois Gadelha ()

Brazilian Journal of Political Economy, 1998, vol. 18, issue 1, 3-22

Abstract: The purpose of this paper is to criticize the debate about the new hegemonicview of the development process as proposed by the World Bank. First, it presents the theoreticalinsufficiency of the debate centered upon the concept of market failures, pointingthat the neoclassical approach dominates its terms. Second, some theoretical elements of analternative neo-Schumpeterian view are presented which breaks radically with the neoclassicalfoundations, embodying history, institutions and technological change in the analysisof the development process, independently of either optimum or market failures concepts. JEL Classification: B52; O31; O14.

Keywords: Economic development; neo-Schumpeterian analysis; globalization (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... ticle/view/1119/1104 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:18:y:1998:i:1:p:3-22:id:1119

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().