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

Author

Listed:
  • 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.

Suggested Citation

  • Eric BERR (GREThA), 2008. "Which development for the 21st century? Reflections on sustainable development\r\n (In French)," Cahiers du GREThA 2008-04, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2008-04
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    File URL: http://cahiersdugretha.u-bordeaux4.fr/2008/2008-04.pdf
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    References listed on IDEAS

    as
    1. Eric Berr & Jean-Marie Harribey, 2006. "À la recherche d'un autre développement," Post-Print hal-00151525, HAL.
    2. Eric Berr & Jean-Marie Harribey, 2006. "Le développement en question(s)," Post-Print hal-00151517, HAL.
    3. Galiani, Sebastian & Sanguinetti, Pablo, 2003. "The impact of trade liberalization on wage inequality: evidence from Argentina," Journal of Development Economics, Elsevier, vol. 72(2), pages 497-513, December.
    4. 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.
    5. Wade, Robert Hunter, 2004. "Is Globalization Reducing Poverty and Inequality?," World Development, Elsevier, vol. 32(4), pages 567-589, April.
    6. Arslanalp, Serkan & Henry, Peter B., 2006. "Debt Relief," Research Papers 1931, Stanford University, Graduate School of Business.
    7. Paul R. Krugman, 1988. "Market-Based Debt-Reduction Schemes," NBER Working Papers 2587, National Bureau of Economic Research, Inc.
    8. 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.
    9. 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.
    10. Jean Gadrey & Florence Jany-Catrice, 2005. "Les nouveaux indicateurs de richesse," Post-Print halshs-00198357, HAL.
    11. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," World Bank Research Observer, World Bank Group, vol. 15(2), pages 251-264, August.
    12. Luiz Carlos Bresser-Pereira & Carmen Augusta Varela, 2004. "The second Washington consensus and Latin America's quasi-stagnation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 231-250.
    13. 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.
    14. repec:mes:challe:v:33:y:1990:i:4:p:57-59 is not listed on IDEAS
    15. Eric Berr & Jean-Marie Harribey, 2005. "Le concept de développement en débat," Post-Print hal-00151531, HAL.
    16. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    17. 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.
    18. Saoussen Ben Gamra & Mickaël Clévenot, 2006. "Libéralisation financière et crises bancaires dans les pays émergents," CEPN Working Papers hal-00188615, HAL.
    19. 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.
    20. Pereira, Luiz C. Bresser & Nakano, Yoshiaki, 2002. "Economic growth with foreign saving?," Textos para discussão 118, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
    21. Milanovic, Branko, 2003. "The Two Faces of Globalization: Against Globalization as We Know It," World Development, Elsevier, vol. 31(4), pages 667-683, April.
    22. François Bourguignon & Christian Morrisson, 2002. "Inequality Among World Citizens: 1820-1992," American Economic Review, American Economic Association, vol. 92(4), pages 727-744, September.
    23. Krugman, Paul, 1988. "Financing vs. forgiving a debt overhang," Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
    24. Xavier Sala-i-Martin, 2002. "The world distribution of income (estimated from individual country distributions)," Economics Working Papers 615, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2002.
    25. 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.
    26. Eric Berr & François Combarnous & Eric Rougier, 2009. "Too much Consensus could be harmful: assessing the degree of implementation of stabilization and structural policies and their impact on growth," Post-Print hal-00224763, HAL.
    27. 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 135-157, June.
    28. Philip Arestis, 2004. "Washington consensus and financial liberalization," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 251-271.
    29. Eric Berr, 2007. "Le développement soutenable est-il keynésien ?," Post-Print hal-00152841, HAL.
    30. Paul Davidson, 2002. "Restating the purpose of the JPKE after 25 years," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(1), pages 3-7.
    31. repec:dau:papers:123456789/5148 is not listed on IDEAS
    32. Eric Berr & François Combarnous, 2007. "The false promises of the (second) Washington consensus : Evidence from Latin America and the Caribbean (1990-2003)," Post-Print hal-00152816, HAL.
    33. Eric Berr & François Combarnous, 2005. "Vingt ans d'application du consensus de Washington à l'épreuve des faits," Post-Print hal-00244108, HAL.
    34. Sanchez, Omar, 2003. "Globalization as a Development Strategy in Latin America?," World Development, Elsevier, vol. 31(12), pages 1977-1995, December.
    35. Luiz Carlos Bresser-Pereira, 2002. "Brazil's Quasi-Stagnation and the Growth cum Foreign Savings Strategy," International Journal of Political Economy, Taylor & Francis Journals, vol. 32(4), pages 76-102.
    36. Eric Berr, 1998. "Reproduction sraffienne et flux keynésiens," Post-Print hal-00151545, HAL.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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