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Old Paradigms and New Crises

In: The Core-Periphery Divide in the European Union

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  • Rudy Weissenbacher

    (WU Vienna University of Economics and Business)

Abstract

EDS shows how old development paradigms brought again new crises of global capitalism. The chapter presents the critique of the current development theory and policy as put forward by EDS (e.g. ‘development from above’) which was embedded into the crises of global capitalism in the 1970s and 1980s. Transnational companies are being identified as not so new dominant actors that are being disguised by old development paradigms and economic thinking. New crises and the policies in the core to counter them brought more spatial specialization, functional integration, external dependency, and disintegration to Peripheral Regions. ‘Development’ seems to have led from dependent industrialization and peripheral de-industrialization.

Suggested Citation

  • Rudy Weissenbacher, 2019. "Old Paradigms and New Crises," Springer Books, in: The Core-Periphery Divide in the European Union, chapter 0, pages 113-140, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-28211-0_4
    DOI: 10.1007/978-3-030-28211-0_4
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