Development economics and the structuralist school

Early structuralism had strong economic implications in development policies until 1970, particularity in Latin America. Its theorical roots can be traced  back to classical economists, which follow. a deep study of structures and institutions of the economy at hand. The analysis draw on fundamental...

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Detalles Bibliográficos
Autor principal: Escobar-Espinoza, Andrés
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2010
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/389
Descripción
Sumario:Early structuralism had strong economic implications in development policies until 1970, particularity in Latin America. Its theorical roots can be traced  back to classical economists, which follow. a deep study of structures and institutions of the economy at hand. The analysis draw on fundamentals in development economics, Such as income distribution, surplus, structural change over  time, and the distinction between productive/non productive sectors, the role of  money in a 'real' economy, just to mention a few: its proposals, as part of a  diverse set of the heterodox thinking, have been ignored by orthodox theorists.  Sorting wisely among different perspectives requires a clearly diagnostic approach that distinguishes that the binding constraints growth are singular room setting to setting. In the current era of globalization and financial deepening, these proposals along their coherent framework represent a valid alternative to understand the economic bottlenecks that developing countries face, and better inform: policy-makers, to enhance inclusive economic growth towards social and economic prosperityKey Words: development, neo-structuralism, structuralism.