Vol. 26 No. 2 (2006)
How to Cite
National development strategy
Abstract
After a review of the concept of economic growth as a historical process beginning with the capitalist revolution and the formation of the modern national states, the author claims that growth is almost invariably the outcome of a national development strategy. Effective economic development occurs historically when the different social classes are able to cooperate and formulate an effective strategy to promote growth and face international competition. It follows a discussion of the main characteristics and of the basic tensions that such strategies face in the central countries which first developed, and in the underdeveloped countries, which, besides their domestic problems, confront major challenges in their relations with the rich countries.
JEL Classification: O10; O11.
Keywords: strategy development underdevelopment nation state