Regional paths of development
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1992-12-01
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Abstract
Five broad theoretical perspectives frame much of the literature on regional paths of development: neoclassical economics, world-systems/dependency theories, the developmental state, institutional analysis, and Marxism. While these approaches are general in nature, there are marked affinities between individual theories and the experience of particular regions in the Third World. This review focuses on four Third-World regions: Latin America, East Asia, South Asia, and sub-Saharan Africa. East Asia comes out on top according to almost all indicators of economic and social development, followed by Latin America, South Asia, and, at a considerable distance from the rest, Africa. The comparative analysis of the paths of development followed in these regions not only generates useful insights about concrete development processes; it also serves as a tool for refining development theory itself, and points to promising new areas of research. -from Authors
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Scholars@Duke
Gary Gereffi
Gary Gereffi is Emeritus Professor of Sociology and Director of the Global Value Chains Center at Duke University (https://gvcc.duke.edu/). He has published over a dozen books and numerous articles on globalization, industrial upgrading, and social and economic development, and he is one of the originators of the global value chains framework. His most recent books are: Handbook on Global Value Chains (co-edited by Stefano Ponte, Gary Gereffi and Gale Raj-Reichert), Cheltenham, UK: Edward Elgar Publishing. 2019); and Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism (Cambridge University Press, 2018). Current projects include: (1) the impact of U.S. protectionism on jobs and regional trade agreements; (2) evaluating how the digital economy and Industry 4.0 are likely to affect international business strategies and industrial upgrading; and (3) shifting regional interdependencies in East Asia and North America, with a focus on China, South Korea and Mexico vis-à-vis the United States.
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