A Social-Market Economy for Rapid Sustainable Development

Gujarat National Law University, Journal of Law, Development and Politics, Vol.2, pp. 42-62, 2009

31 Pages Posted: 24 Jun 2009 Last revised: 17 Dec 2013

See all articles by Eric Engle

Eric Engle

http://www.amazon.com/author/quizmaster

Date Written: June 23, 2009

Abstract

This paper sets out the basics of the Import substitution - industrialization (ISI) model for development, the socialist variant of ISI and the neo-liberal theory of developing, critiquing each in turn. Each of these models failed, for different reasons, and in different ways, to attain sustainable solid economic growth and carries with it the seeds of war, albeit different kinds of wars. This paper proposes a social-market model (neo-corporatism) which combines the strong points of ISI, socialism, and neo-liberalism while rejecting their errors to present a dialectical synthesis of several best practices in economic development for the third world.

Keywords: Import Substitution Industrialization, ISI, Socialism, Neoliberalism, Neo Liberal, Development, Aid, USSR, Russia, Southwest Asia, Central Asia, Strategy

JEL Classification: O39, O50, O57, P27, K33

Suggested Citation

Engle, Eric Allen, A Social-Market Economy for Rapid Sustainable Development (June 23, 2009). Gujarat National Law University, Journal of Law, Development and Politics, Vol.2, pp. 42-62, 2009. Available at SSRN: https://ssrn.com/abstract=1424695

Eric Allen Engle (Contact Author)

http://www.amazon.com/author/quizmaster ( email )

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