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.
General
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