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Reassessing Developmentalism in the Global Periphery

YSI Panel @ AHE 2024

Start time:

July 10, 2024 @ 8:00 am - July 12, 2024 @ 5:00 pm

EDT

Location:

Bristol Business School, Bristol, GC2X+7X Bristol, United Kingdom, BS16 1QY

Type:

Panel discussion

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Description

In the last century, a series of theories emerged from the Global South, providing deep insights into the underdevelopment challenges faced by peripheral countries. These theories critically examined these nations’ positions within the international division of labor and their implications for economic growth and social inequality reduction. Notable among these thinkers were Raul Prebisch, Celso Furtado, Fernando Henrique Cardoso, and Ruy Mauro Marini among others, who developed original frameworks to explore the intricate relations between balance of payments, currencies, bourgeoisies’ ambitions, economic dependency, and the enduring nature of social inequalities. Their theoretical contributions laid the groundwork for policies that, when implemented across Latin America, led to diverse strategies aimed at import substitution and national industrialization.

Nearly a century after Raul Prebisch’s pioneering work, addressing development issues in the global peripheries remains a daunting yet essential challenge. To effectively tackle social, gender, and racial inequalities within the capitalist periphery, a broad perspective is required, one that amplifies diverse voices, including those from marginalized communities within peripheral countries. In addition, developmental initiatives can have significant environmental impacts, and sustainable development is increasingly recognized as a crucial aspect of addressing global challenges.

This context underscores the critical need to revisit the development discourse in the wake of recent right-wing political cycles and climate crises to incorporate new analytical elements. Such elements include the role of finance in contemporary capitalism, progressive development strategies through consumption in Latin America, the end-of-century transnationalization of capital, the emergence of new peripheral nations from the

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