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States and Economic Development

Bibliographic Data

ID4369406
AuthorsAtul Kohli (Princeton University, corresponding author)
Year2009
Volume29
Issue2
Pages212-227
Publication date2009-06-01
Open AccessYes
TypeARTICLE
VenueBrazilian Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0101-3157 • E-ISSN: 1809-4538
PublisherFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/s0101-31572009000200003
OpenAlexW2015400405
SciELOS0101-31572009000200003
LanguageEN
Citations received7
References cited5

Today the Washington Consensus on development lies in tatters. The recent history of the developing world has been unkind to the core claim that a nation that opens its economy and keeps government's role to a minimum invariably experiences rapid economic growth. The evidence against this claim is strong: the developing world as a whole grew faster during the era of state intervention and import substitution (1950-1980) than in the more recent era of structural adjustment (1990-2005); and the recent economic performance of both Latin America and Sub-Saharan Africaregions that truly embraced neoliberalismhas lagged well behind that of many Asian economies, which have instead pursued judicial and unorthodox combinations of state intervention and economic openness. As scholars and policy makers reconstruct alternatives to the Washington Consensus on development, it is important to underline that prudent and effective state intervention and selective integration with the global economy have been responsible for development success in the past; they are also likely to remain the recipes for upward mobility in the global economy in the future

Developing country · Development economics · Economic growth · Economic interventionism · Economics · Government (linguistics · Intervention (counseling · Latin Americans · Openness to experience · Political economy · Political science · Politics · State (computer science · Washington Consensus · Economic Theory and Policy · Global trade and economics · Indian Economic and Social Development · Law

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    Alice H Amsden•Asia's Next Giant•1992

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    Suzanne Berger, Ronald Dore•National Diversity and Global…•1996

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Citations per year0.44
Citation span2010 - 2026 (17)
Highly citedNo

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