Endogenous development, the developmental state and global markets

Authors

  • Mick Dunford

DOI:

https://doi.org/10.26266/jtovol2pp33-62

Keywords:

State interventionism, Endogenous development, Development strategies, Industrial development, Multiregional groups

Abstract

With the recession of the 1970's and the crisis of Fordism, neoliberal ideologies sypplanted -in each country in a different way- state intervetionism. Deregulation, privatisation and central government expenditure cuts including cuts in regional policies were coupled with a localism of development strategies and an emphasis on endogenous development. New spatial models emerged, based on the specialisation and independence of small enterprises. The theory of flexible specialisation that tried to provide an explanation cannot provide a norm, as the success of the model depends on the conditions of demand and competition. Because of the integrative character of the new technologies and increases in the importance of scale economies especially in research and development, large multiregional groups continue to dominate. Central state action continue to play a fundamental role in infrastructure provision while all state expenditure have a major impact on regional development.

Published

1991-10-16

Issue

Section

Articles