New directions in the political economy of development

In: Review of African political economy, Band 21, Heft 62

Abstract

This article underlines the changing balance of paradigms over the last decade and argues that the critique of neo‐classical theory is gaining new life. What is emerging, though, is a subtler and more sophisticated view of the state than the traditional state‐market dichotomy allowed for. It situates the recent African experience within a wider international context and reviews the different roles played by the state in encouraging or discouraging development.