2024/10 | LEM Working Paper Series | ||||||||||||||||
Sustainable development in a center-periphery model |
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Gabriel Porcile |
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Keywords | |||||||||||||||||
Center-periphery models; Structuralism; sustainable development
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JEL Classifications | |||||||||||||||||
O11; O43; 044
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Abstract | |||||||||||||||||
Latin American Structuralism is an important strain in development
theory, one which focuses on the center-periphery dynamics arising
from an international economy ridden by technological, financial and
power asymmetries. This paper discusses recent Structuralist
contributions around the concept of sustainable development, defined
as a growth path that is sustainable in three dimensions: economic,
social and environmental. The economic dimension of sustainability
means that the effective rate of growth is compatible with the
Balance-of-Payments constraint; the social dimension means that growth
is inclusive and reduces inequality; and the environmental dimension
means that it respects the ecological boundaries of the planet. There
are no endogenous market forces that could deliver a sustainable
growth path: the role of politics and political negotiations (at the
domestic and international levels) is paramount. The effective path
that will be observed emerges as political power and structural change
co-evolve and create tensions and disequilibria, shaping income
distribution and the direction of industrial transformation and
technological change.
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