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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Universidad de Cartagena
2010
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author | Escobar-Espinoza, Andrés |
author_facet | Escobar-Espinoza, Andrés |
author_sort | Escobar-Espinoza, Andrés |
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description | 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. |
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institution | Revista Panorama Económico |
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spelling | oai:revistas.unicartagena.edu.co:article-3892020-04-02T08:56:26Z Development economics and the structuralist school Desarrollo económico y la escuela estructuralista Escobar-Espinoza, Andrés 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. El estructuralismo tuvo importantes implicaciones en las políticas de desarrollo de América Latina hasta los años 1970s. Sus antecedentes teóricos se remontan a economistas clásicos, quienes estudiaron a fondo la estructura e instituciones de la economía en cuestión. El análisis se basa en fundamentales de la economía del desarrollo, como ser, distribución del ingreso, cambio estructural, excedentes, la distinción de sectores productivos y no-productivos, y el rol del dinero en la economía "real", por mencionar algunos. Sus nuevas propuestas, como parte integral de la denominada economía moderna y de la heterodoxia han sido ignoradas por la mainstream. Distinguir sabiamente entre las diferentes perspectivas requiere un enfoque de diagnóstico que establezca claramente que las restricciones del crecimiento son particulares para cada economía. En la actual era de globalización y financiarizacion de la economía, estas propuestas junto con su marco conceptual representan una alternativa válida para comprender las limitaciones que enfrentan los países en desarrollo e informar adecuadamente a los policy makers, y así poder conseguir un crecimiento económico inclusivo que permita alcanzar la prosperidad económica y social.Palabras Clave: Economía del Desarrollo, Neo-estructuralismo, Estructuralismo. 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spellingShingle | Escobar-Espinoza, Andrés Development economics and the structuralist school |
title | Development economics and the structuralist school |
title_full | Development economics and the structuralist school |
title_fullStr | Development economics and the structuralist school |
title_full_unstemmed | Development economics and the structuralist school |
title_short | Development economics and the structuralist school |
title_sort | development economics and the structuralist school |
url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/389 |