Chapter

States and Markets: Neoliberal Limitations and the Case for a Developmental State

Meles Zenawi

in Good Growth and Governance in Africa

Published in print December 2011 | ISBN: 9780199698561
Published online May 2012 | e-ISBN: 9780191738142 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199698561.003.0005

Series: Initiative for Policy Dialogue

States and Markets: Neoliberal Limitations and the Case for a Developmental State

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The political and economic renaissance of Africa is an issue that continues to preoccupy Africans and non-Africans alike. Various methods of achieving such a renaissance have been proposed. Most of these proposals are variations of the dominant neoliberal paradigm of development. The argument of this chapter is that the neoliberal paradigm is a dead end, and that a fundamental shift in paradigm is required to bring about the African renaissance. African states need to move away from that paradigm and towards becoming developmental in the sense and manner sketched here.

Keywords: states; neoliberal; developmental; African renaissance

Chapter.  15717 words. 

Subjects: Economic Development and Growth

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