Development Theories and Development Strategies: An Alternative Theoretical Framework
The study of economic development in the Third World has been dominated by the comparison of import-substitution industrialization (ISI) and export-led industrialization as two "alternative strategies' of development. Using the theory of the internationalization of capital and Marx's expanded reproduction, I argue that ISI and export-led industrialization are two stages of the internationalization of production as opposed to two alternative strategies and that, in both cases, developing capitalist countries inherit a built-in instability in the process of accumulation.
Year of publication: |
1990
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Authors: | Yaghmaian, Behzad |
Published in: |
Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 22.1990, 2-3, p. 174-188
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Publisher: |
Union for Radical Political Economics |
Saved in:
Online Resource
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