Revisiting Development in the Twenty-First Century

Ignacy Sachs

International Journal of Political Economy, 2009, vol. 38, issue 3, 5-21

Abstract: An overview of the way in which the idea of development has evolved is followed by the analysis of actual development (and misdevelopment) from 1945 onward, focusing on the golden age of capitalism, the rise and fall of real socialism and the neoliberal counter-reform. Sitting on the ruins of failed paradigms, we are condemned to invent new ones for the twenty-first century, based on the concept of three-win development—social, environmental and economic. Some signposts for a research agenda are outlined with an emphasis on mixed economies with a strong, yet regulated market sector and a significant presence of the developmental state, whose responsibility is bound to increase. The futures of development will also depend on the turn taken by globalization and our capacity to reshape the international system. Development studies ought to be revived by revisiting the history of the development idea and analyzing in a comparative setting the development/misdevelopment paths pursued by different countries.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/IJP0891-1916380301 (text/html)
Access to full text is restricted to subscribers.

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:mes:ijpoec:v:38:y:2009:i:3:p:5-21

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MIJP20

DOI: 10.2753/IJP0891-1916380301

Access Statistics for this article

More articles in International Journal of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().