2008
DOI: 10.1080/09614520802030342
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No ‘return to the state’: dependency and developmentalism against neo-liberalism

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Cited by 9 publications
(5 citation statements)
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“…In this view, the underdevelopment of Latin American economies is mainly due to its peripheral and dependent position in the global markets, which makes these economies focus on low productivity and low value‐added goods and transfers the economic gains to developed economies (Bresser‐Pereira, 2012; Kay, 2005). Moreover, dependency scholars have asserted that this underdevelopment of LATAM countries is of economic and political interest for the capitalist companies in developed economies, as they rely on the subordination of other countries (Kelly, 2008; Santos, 1970). By depending on foreign capital and technology, emerging economies are exposed to the influence and exploitation by what are considered to be imperialist countries (Gordon & Webber, 2008).…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…In this view, the underdevelopment of Latin American economies is mainly due to its peripheral and dependent position in the global markets, which makes these economies focus on low productivity and low value‐added goods and transfers the economic gains to developed economies (Bresser‐Pereira, 2012; Kay, 2005). Moreover, dependency scholars have asserted that this underdevelopment of LATAM countries is of economic and political interest for the capitalist companies in developed economies, as they rely on the subordination of other countries (Kelly, 2008; Santos, 1970). By depending on foreign capital and technology, emerging economies are exposed to the influence and exploitation by what are considered to be imperialist countries (Gordon & Webber, 2008).…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…From a global perspective, debt is what seems to be the catalyst for the theory to spread into practice globally. By this I mean the debt crisis of the 1980s in Latin America and other developing countries led to Structural Adjustment Programs (SAPs) to the later part of the decade (Pastor, 1989: Kelly 2008: Kay, 1993. Donors and international agencies, such as the IMF and World Bank, were able to exploit the desperate economic situation many indebted countries found themselves in by insisting on radical reform of the state (through SAPs) as a condition of debt relief.…”
Section: Neoliberalismmentioning
confidence: 99%
“…Neoliberalism as a theory provides development, and subsequently foreign aid, a lens where four main themes are the focus areas -structural reform, deregulation, liberalisation, and privatization (Nederveen Pieterse, 2002). These areas are brought to the forefront because of the reactions to the development environment -how poor policies for example are why development was held back (Dollar and Svensson, 1998); challenges to who the driver for development is, that is the state or the market; what model of development is a template; and the debt crisis in Latin America and other developing countries (Pastor, 1989: Kelly 2008: Kay, 1993.…”
Section: )mentioning
confidence: 99%
“…However, the move to a PWC does not represent a fundamental shift by international institutions away from core neo-liberal beliefs and as such, suggestions that there has been some kind of revolutionary change in regard to how international financial institutions work are somewhat overstated. Both approaches, for example, fail to deal with issues of equality including problems of land and income distribution (Öniş and Şenses, 2005;Ruckert, 2006;Sheppard and Leitner, 2010) and despite granting room for the state and institutions in the management of the economy, the PWC still lacks any meaningful understanding or integration of social and political dimensions (Kelly, 2008;Montiel, 2007). In this regard, the PWC can be characterised as 'a new Trojan horse for embedding market-centred norms and practices' (Carroll, 2009: 447).…”
Section: Ideological Projects and Processes: The Impact Of Liberalismmentioning
confidence: 99%