Rethinking development

Esteban Perez Caldentey

Chapter 13 in A Modern Guide to Rethinking Economics, 2017, pp 240-262 from Edward Elgar Publishing

Abstract: This chapter argues that the unsatisfactory performance and dim future prospects of developing economies demand rethinking the theoretical foundations of development economics by fostering a dialogue and collaboration between structuralist and post-Keynesian economics. This collaboration can be centred on five themes: (i) a methodological approach based on historical trends and measurement; (ii) the characterization of the system of economic relations around the concepts of centre and periphery; (iii) the relation between income distribution, accumulation and economic growth; (iv) the central role of demand and (v) the role of the State.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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