The Neoliberal 'Rebirth' of Development Economics

Authors

  • Rémy Herrera

DOI:

https://doi.org/10.14452/MR-058-01-2006-05_4

Keywords:

Imperialism, Political Economy

Abstract

Development economics, as a branch of economics that attempts to show how the world's poor economies can develop, had its origins in the 1940s and 1950s. One of its earliest ideas was that the economies of the less developed countries were mired in a cycle of poverty and needed a "big push" to develop. This push was seen as a large boost in investment, helped by the state's infrastructural and social spending, as well as by private foreign capital spending and aid from the governments of the developed nations.

Published

2006-05-04

Issue

Section

Articles