More on the limits of New Developmentalism

No PKWP2213, Working Papers from Post Keynesian Economics Society (PKES)

Abstract: Oreiro and de Paula’s (2022) reply to my article (Palley, 2021) further convinces me that New Developmentalism (ND) substantially misconstrues the development challenge and ND’s policy recommendations lean in a Neoliberal direction. The critique of ND is not its emphasis of the importance of manufacturing. It is the regressive inclination, the narrowness of policy recommendations, neglect of the transformation dimension of development, and neglect of the implications of the shift to a post-industrial era.

Keywords: New Developmentalism; Classical Developmentalism; economic development; transformation (search for similar items in EconPapers)
JEL-codes: O11 O14 O23 (search for similar items in EconPapers)
Pages: 23
Date: 2022-04
New Economics Papers: this item is included in nep-his, nep-hme and nep-pke
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