Why Developing Countries Fail to Develop: International Economic Framework and Economic Subordination

Mathur, Purushottam Narayan

Recent debt crises and consequent dislocations and distress in the underdeveloped world have shown that the development strategies of the last forty years were misconceived. No underdeveloped country during this period could become an industrially advanced country, despite the development schemes orchestrated by the World Bank. This results from the fact that mainstream economic theory ignores international and national constraints and their interactions with the dynamics of technological transformation. This book develops a completely articulated theory of economic interconnections to deal with underdeveloped country's situation.

Details

Published by: Palgrave Macmillan

Publication Date: 1991-05-31

Format: Hardcover

ISBN-13: 9780333476345

DOI: 10.1007/978-1-349-21343-6

Dimensions: 216cm x140cm

Pages: 303