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(p. 356) 13. The Political Economy of Development 

(p. 356) 13. The Political Economy of Development
(p. 356) 13. The Political Economy of Development

Nicola Phillips

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date: 27 October 2020

This chapter focuses on the political economy of development. It first considers the different (and competing) ways of thinking about development that have emerged since the end of World War II, laying emphasis on modernization, structuralist, and underdevelopment theories, neo-liberalism and neo-statism, and ‘human development’, gender, and environmental theories. The chapter proceeds by exploring how particular understandings of development have given rise to particular kinds of development strategies at both the national and global levels. It then examines the relationship between globalization and development, in both empirical and theoretical terms. It also describes how conditions of ‘mal-development’ — or development failures — both arise from and are reinforced by globalization processes and the ways in which the world economy is governed.

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