Economic development strategies for countries in the Global South
Blind faith in the market or sovereign economic policy?
DOI:
https://doi.org/10.28998/lte.2023.n.1.14777Keywords:
economic development; strategy; economic sovereignty; industrial policy; sociology of developmentAbstract
The purpose of this article is to examine, in the light of the Sociology of Development, the economic development strategies effectively adopted by the first countries that actually managed to achieve it, by those who did so late and by those who still did not succeed. It will be observed that each strategy privileged the theoretical conceptions of one or more schools of economic thought, leading to historical results that reflect the level of success of each strategy, which are, throughout the article, compared with the due foundations of the perspective theory adopted. With regard to methodology, a qualitative approach was adopted, making use of bibliographical and documental research. It was concluded that understanding the constraints and determinants of each strategy studied constitutes an indispensable contribution, especially aimed at formulators of development policies in countries that still pursue the economic and social progress of their nations.
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