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Why Developing Countries Fail to Develop: International Economic Framework and Economic Subordination

Why Developing Countries Fail to Develop: International Economic Framework and Economic Subordination

Hardcover

EconomicsGeneral Political Science

ISBN10: 0333476344
ISBN13: 9780333476345
Publisher: Palgrave MacMillan
Published: May 31 1991
Pages: 303
Weight: 1.23
Height: 0.88 Width: 5.50 Depth: 8.50
Language: English
Recent debt crises and consequent dislocations and distress in the underdeveloped world have shown that the development strategies of the last forty years were misconceived. No underdeveloped country during this period could become an industrially advanced country, despite the development schemes orchestrated by the World Bank. This results from the fact that mainstream economic theory ignores international and national constraints and their interactions with the dynamics of technological transformation. This book develops a completely articulated theory of economic interconnections to deal with underdeveloped country's situation.

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