Edited by Louis-Philippe Rochon and Sergio Rossi
Chapter 13: Rethinking development
This chapter argues that the unsatisfactory performance and dim future prospects of developing economies demand rethinking the theoretical foundations of development economics by fostering a dialogue and collaboration between structuralist and post-Keynesian economics. This collaboration can be centred on five themes: (i) a methodological approach based on historical trends and measurement; (ii) the characterization of the system of economic relations around the concepts of centre and periphery; (iii) the relation between income distribution, accumulation and economic growth; (iv) the central role of demand and (v) the role of the State.
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