📚 noun • entry_id 54313
developmentalism
Meanings (ES + gloss)
desarrollismo
An economic theory which states that the best way for Third World countries to develop is through fostering a strong and varied internal market and imposing high tariffs on imported goods.
Most fundamentally, Sachs argues, developmentalism advocates the wrong values. Under developmentalism, the economy dominates society rather than the more rational opposite.
Nevertheless, the strong political reasons which supported developmentalism had vanished before the World Bank made its diagnosis.
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