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Which development for the 21st century? Reflections on sustainable development\r\n (In French)

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  • Eric BERR (GREThA)

Abstract

The objective of this paper, which synthesizes various researches, is twofold. First, starting from empirical studies, we show that development policies implemented since the beginning of the international debt crisis of 1982 led to a failure, showing that the Washington consensus based approach of development is unsustainable. Thus, from a heterodox perspective, we investigate the theoretical debate aiming at constructing a strong sustainability.

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File URL: http://cahiersdugretha.u-bordeaux4.fr/2008/2008-04.pdf
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Bibliographic Info

Paper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2008-04.

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Date of creation: 2008
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Handle: RePEc:grt:wpegrt:2008-04

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Keywords: Washington consensus; sustainable development; debt; Keynes; post Keynesians.;

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  1. Krugman, Paul, 1988. "Financing vs. forgiving a debt overhang," Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
  2. Cohen, Daniel, 1995. "Large external debt and (slow) domestic growth a theoretical analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 19(5-7), pages 1141-1163.
  3. Eric Berr, 1999. "Piero Sraffa (1898-1983) : actualité de la théorie des prix de production," Documents de travail 41, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  4. Paul R. Krugman, 1988. "Market-Based Debt-Reduction Schemes," NBER Working Papers 2587, National Bureau of Economic Research, Inc.
  5. Éric BERR & François COMBARNOUS, 2007. "Une autre lecture de la soutenabilité de la dette," Revue Tiers-Monde, Armand Colin, vol. 0(4), pages 789-813.
  6. Luiz Carlos Bresser-Pereira & Carmen Augusta Varela, 2004. "The second Washington consensus and Latin America's quasi-stagnation," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(2), pages 231-250, December.
  7. Pabo Sanguinetti & Sebastian Galiani, 2003. "The impact of trade liberalizationon wage inequality:Evidence from Argentina," Department of Economics Working Papers 011, Universidad Torcuato Di Tella.
  8. Paul Davidson, 2002. "Restating the purpose of the JPKE after 25 years," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 25(1), pages 3-7, January.
  9. Easterly, William, 2001. " The Lost Decades: Developing Countries' Stagnation in Spite of Policy Reform 1980-1998," Journal of Economic Growth, Springer, vol. 6(2), pages 135-57, June.
  10. Xavier Sala-i-Martin, 2002. "The World Distribution of Income (estimated from Individual Country Distributions)," NBER Working Papers 8933, National Bureau of Economic Research, Inc.
  11. Eric Berr, 2003. "La dette des pays en développement : bilan et perspectives," Documents de travail 82, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  12. repec:hal:cepnwp:hal-00188615 is not listed on IDEAS
  13. Arslanalp, Serkan & Henry, Peter B., 2006. "Debt Relief," Research Papers 1931, Stanford University, Graduate School of Business.
  14. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
  15. Philip Arestis, 2004. "Washington consensus and financial liberalization," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(2), pages 251-271, December.
  16. Eric Berr, 1999. "Demande effective, monnaie et prix de production : une extension circuitiste de la Théorie générale," Documents de travail 42, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  17. Pereira, Luiz Carlos Bresser & Nakano, Yoshiaki, 2002. "Economic Growth With Foreign Saving?," Textos para discussão 118, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
  18. Wade, Robert Hunter, 2004. "Is Globalization Reducing Poverty and Inequality?," World Development, Elsevier, vol. 32(4), pages 567-589, April.
  19. François Bourguignon & Christian Morrisson, 2002. "Inequality Among World Citizens: 1820-1992," American Economic Review, American Economic Association, vol. 92(4), pages 727-744, September.
  20. Branko Milanovic, 2003. "The Two Faces Of Globalization: Against Globalization As We Know It," Development and Comp Systems 0303007, EconWPA.
  21. Luiz Carlos Bresser-Pereira, 2002. "Brazil's Quasi-Stagnation and the Growth cum Foreign Savings Strategy," International Journal of Political Economy, M.E. Sharpe, Inc., vol. 32(4), pages 76-102, January.
  22. Olivier Godard, 2003. "Le principe de précaution comme norme de l'action publique, ou la proportionnalité en question," Revue économique, Presses de Sciences-Po, vol. 54(6), pages 1245-1276.
  23. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," World Bank Research Observer, World Bank Group, vol. 15(2), pages 251-64, August.
  24. Sanchez, Omar, 2003. "Globalization as a Development Strategy in Latin America?," World Development, Elsevier, vol. 31(12), pages 1977-1995, December.
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