The Competing Theories of Development and Uderdevelopment
The Competing Theories of Development and Uderdevelopment
A Critical Evaluation from an Eco-Socialist Perspective
Author(s): Pritam SinghSubject(s): Supranational / Global Economy, Energy and Environmental Studies, Marxist economics, Environmental and Energy policy
Published by: HESPERIAedu
Keywords: Global inequality; Third World underdevelopment and poverty; neo-liberalism; neo-classical economics paradigm; Keynesianism; welfare state; Marxism; Green economics; eco-socialism
Summary/Abstract: This paper is an attempt to contribute to an eco-socialist critique of the widely prevailing theoretical perspectives on development with a focus on one aspect: the competing explanations of underdevelopment in the Third World and of the poverty resulting from that underdevelopment.The aspect of inequality between the developed capitalist economies and developing capitalist economies will also be examined from the viewpoint of its linkages with poverty in the Third World. Three main perspectives will be considered: one, the traditional one that keeps the discussion on poverty, underdevelopment and inequality within the framework of a capitalist economy; two, the Marxian one as a critique of capitalism and third, the Green one that focuses on the natural environment as a way of dealing with issues of poverty and underdevelopment.
Journal: LIMESplus
- Issue Year: 2014
- Issue No: 3
- Page Range: 117-146
- Page Count: 30
- Language: English