Reflections on the old and new developmentalism
New Developmentalism provides a view out how it incorporates the positive contributions of early development theorists concerned with to the past of development theory as well as a view to the future. This assessment points the similar problems of the importance of exchange rates in the development process to provide a contemporary version of the theory adapted to the twentieth century world of globalization and financialization.
JEL Classification: F31; O11; O14.
Keywords: New Developmentalism Exchange Rates Interest Rate Parity Theory