Dialectics & Development: Explaining Poor Performance via Power.

An exploration of development?s contradictions lends a new understanding for economic reforms in the developing world. The paper contextualizes development strategies from the post-colonial era up to the present experiment with neoliberal reforms, drawing on the experiences of India, Indonesia, and Peru to demonstrate a continuum in the developing world. Over the last fifty or so years, access to capital for the developing world necessarily means accepting the accompanying development strategy. The paper will explore three significant periods, import substitution, export-oriented growth and now free market reforms, in tandem with the market trends of the lending states. This study reveals, vis-à-vis primary materials and empirical studies, aid is a misnomer. Aid of the last fifty years to the developing world has almost exclusively been in the form of loans and investments. This translates into interest and dividends for those with capital and aid, help, really aids both parties. However, with capital also comes policy and the borrowing state must simultaneously enact reforms that give foreign capital awesome domestic independence. Thus power in the context of capital and policy, the state and the non-state actor, is explored over the last half-century as it is power that explains the connections that lie in the three periods of development covered. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]