Con Pec 2002; 21:111-134
© 2002 Cambridge Political Economy Society
Article |
Economic Development in the Shadow of the Consensus: A Strategic Decision-Making Approach
L'institute (Institute for Industrial Development Policy), Birmingham Business School, UK
Abstract
Founded on an interpretation that is rooted in localities and their communities, we offer a move from the inevitability of uneven development. Analysis of past and present theory is framed in terms of decision-making. It is argued that external decisions may constrain localities in their development, while reflecting the agendas of outside agents, corporations and other organisations. A dual approach to development is suggested, that would work in the shadow of the Washington and/or post-Washington Consensus to build a learning process of democratic engagement, and move towards redressing the decision-making balance in favour of localities. Examples from South Africa and Nicaragua illustrate our arguments.
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