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A Theory of Sustainable Sociocultural and Economic DevelopmentPerspectives on Development

A Theory of Sustainable Sociocultural and Economic Development: Perspectives on Development [Mercantilism was probably the first theory of economic development the European nation-states invented; it called for the development of industry, the promotion of exports, and the limitation of imports through protectionism. But as these policies were being pursued with a vengeance, a world of interdependence was slowly emerging and making mercantilism controversial. Adam Smith published his thesis The Wealth of Nations in 1776, which brought new economic ideas and paved the way for the development of the classical economic theory.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Theory of Sustainable Sociocultural and Economic DevelopmentPerspectives on Development

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References (6)

Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88759-0
Pages
95 –114
DOI
10.1007/978-1-137-57952-2_8
Publisher site
See Chapter on Publisher Site

Abstract

[Mercantilism was probably the first theory of economic development the European nation-states invented; it called for the development of industry, the promotion of exports, and the limitation of imports through protectionism. But as these policies were being pursued with a vengeance, a world of interdependence was slowly emerging and making mercantilism controversial. Adam Smith published his thesis The Wealth of Nations in 1776, which brought new economic ideas and paved the way for the development of the classical economic theory.]

Published: Dec 29, 2015

Keywords: Social Capital; Economic Freedom; Dependency Theorist; Trading State; Poor Nation

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