Conclusions: World Development beyond Neoliberalism

Dic Lo
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Dic Lo: University of London

Chapter 9 in Alternatives to Neoliberal Globalization, 2012, pp 163-168 from Palgrave Macmillan

Abstract: Abstract The era of neoliberal globalization has been mainly characterized by development lost, in the sense that the income level of the developing world has hardly converged with that of advanced countries. And there has even been development lost in the absolute sense, due to the trend of uneven development within the developing world. The three waves of economic and social catastrophes over this era — the persistent trend of falling income levels in most parts of the developing world in the 1980s and 1990s, the economic collapses of countries of the former Soviet bloc in the 1990s, and the East Asian financial and economic crisis in the closing years of the twentieth century — can be understood as intrinsic parts of the development lost and uneven development.

Keywords: Allocative Efficiency; Chinese State; Uneven Development; Soviet Bloc; Chinese Labour (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36116-4_9

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DOI: 10.1057/9780230361164_9

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