Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/183191 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
Working Paper No. 108/2018
Publisher: 
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE), Berlin
Abstract: 
This paper's aim is to provide a different standpoint in the development debate, by focusing on the short-sightedness of the international institutions when they propose a development agenda. Focusing on macroeconomic performance and on privatisation, they have found a solution in PPPs, which offer financing opportunities for public investment and at the same time they reduce the burden on governments budgets. As an alternative this paper proposes a model based on investment and self-dependency with combining elements from post- Keynesian theory as well as the Beijing Consensus. The model rests on the importance of SOEs to use industrial policy as a tool to achieve independence from western powers as well as to increase investment. The theoretical claims are supported by empirical analysis based on 98 developing countries over a 15 year period.
Subjects: 
development state
PPP
Washington Consensus
privatization
public investment
Beijing Consensus
SOEs
JEL: 
F14
F52
O21
O25
O38
Document Type: 
Working Paper

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