Development dynamics and globalisation

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The process of development, in every spatial level (regional, national and local), seems to acquire nowadays a new context and a new evolutionary architecture. The globalization dynamics are restructuring the developmental process as well as the expected results: They constitute the foundational dimension of modern reality and determine the main frame of analysis of the effort to understand the contemporary phenomenon of development.
Under these circumstances, the old “ethnocentric perspective” seems to be facing progressively some insuperable interpretive deadlocks. Especially, within the ongoing globalization dynamics all the international, regional and local development dimensions are transcending the narrow ethnocentric view of development and for every of its aspects: whether these are of economic, social, cultural or geostrategic importance.
Moreover, a new theoretical reorientation seems to be required in order to understand and interpret the present developmental stagnation of the European South and, especially, to empower its socioeconomic competitiveness. And this reorientation should resynthesizes all the parts of the development dynamics in the ongoing phase of globalization: economic, social, cultural and institutional.
Over this course of development, the evolutionary economics and the international political economy perspectives seem to provide a much more fertile context to understand reality, especially when compared to the conventional, neoclassical or Keynesian, theory of international economic relations. More specifically, the future study of institutional dimensions of the developmental process will be at the center of all developmental perspectives.
Original languageEnglish
Title of host publication1st Conference of “ELR-IWG (INTERNATIONAL WORKING GROUP ON ENVIRONMENT, LOCATION DECISIONS AND REGIONAL PLANNING)
Publication statusPublished - 1994
Event1st Conference of “ELR-IWG (INTERNATIONAL WORKING GROUP ON ENVIRONMENT, LOCATION DECISIONS AND REGIONAL PLANNING)” - University of the Aegean, Chios, Greece
Duration: 23 Jun 199425 Jun 1994
https://www.researchgate.net/publication/330638895_Development_dynamics_and_globalization

Conference

Conference1st Conference of “ELR-IWG (INTERNATIONAL WORKING GROUP ON ENVIRONMENT, LOCATION DECISIONS AND REGIONAL PLANNING)”
Country/TerritoryGreece
CityChios
Period23/06/9425/06/94
Internet address

Keywords

  • Globalization dynamics, local and regional development, socioeconomic competitiveness, evolutionary economics, institutional economics

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