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The Political Economy of the Rise and Decline of Developmental States

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  • Carlos Aguiar de Medeiros

Abstract

Based on a classical political economy, on Latin American structuralism, and on Gramscian perspective about the state this paper argues that national economic strategies are formed by particular interactions between institutions and economic structures and evolve according to social conflicts in a non neutral international environment. This idea is explored to interpret the rise of the developmental state in some national development strategies experienced by peripheral countries during the highest convergence period of the Golden Age and its crisis and redefinitions during the greatest divergence phase and neoliberal reforms of the last two decades of the 20th century. Key words: Political economy, Developmental state, Economic development.JEL: O20, O53, O54.

Suggested Citation

  • Carlos Aguiar de Medeiros, 2011. "The Political Economy of the Rise and Decline of Developmental States," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 43-56.
    • Handle: RePEc:voj:journl:v:58:y:2011:i:1:p:43-56:id:141
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    More about this item

    Keywords

    Political economy; Developmental state; Economic development;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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