Poverty of Nations: The Eurocentric Bias of Developmental Economics
Author(s)
Mehmet, Ozay
Abstract
Pro-capital development is neither equitable nor sustainable. Its gains in efficiency necessitate increasingly untenable global costs in terms of instability and social conflict. In the twenty-first century, western economics, and in particular the sub-discipline of economic development, must be liberated from its Eurocentric pro-capital bias. Economic performance should be measured on global equity criteria collectively determined by members of the “global family,” instead of the narrow efficiency rules prescribed solely by the West.
