Introduction to the Economics of Underdevelopment: fundamental elements of the classical theories of development
DOI:
https://doi.org/10.21171/ges.v14i2.3160Keywords:
Economics of Underdevelopment, Economic Development, Economic ThoughtAbstract
This paper was originally published as an introduction to the new revised Portuguese edition of the classic work edited by Singh and Agarwala, A Economia do Subdesenvolvimento (Agarwala and Singh, 2010). The book is part of the Development and Public Policy series, published by the Celso Furtado International Center for Development Policies. Over time, the introduction to the new edition has become an important reference in the national literature on economic development, as it represents a preface to the study of development economics. The paper begins with a brief discussion of the idea of economic development within the economic thought, having as background the historical determinants of the emergence of development theory in the second half of the 20th century. Then, the book’s main concepts and analytical axes are discussed in detail, in order to show how they emerge in each of the author’s contributions. Finally, the article succinctly lists some criticism as well as subsequent important theoretical contributions to situate the current relevance of the contribution of the pioneers of development economics. The reprint has the permission of the Celso Furtado International Center for Development Policies and of Editora Contraponto.
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