This volume studies the changing face of government support for endogenous development. In the last two decades of the 20th century, governments assumed a more conscious economic role as a stabilizing force to maintain low fiscal deficits and low inflation growth paths. This reference work provides an integrated discussion of the development theory at the heart of interventionist government economic policy. Chapter One analyzes the role of state intervention and its impact on development theory. Chapter Two presents the developmental state model. Chapter Three discusses the regulatory and developmental roles of the state in a market economy, while Chapter Four focuses on the "new" role for interventionist governments. Chapter Five critiques the European Union's regional and industrial policies while Chapters Six, Seven and Eight contrast the EU's and the Caribbean's development policies with the developmental state approach. The conclusion offers developmental theory-based policy solutions for an increasingly globalized world.

Author Biography

Nikolaos Karagiannis is Lecturer in Economics and Development at the University of West Indies, Mona.