Wednesday, January 18, 2006
What is endogenous development?
The recent post on oil revenues actually seemed to provoke more discussion on what economic model is best to promote Venezuela's development. That makes this a good place to introduce "Endogenous Development" which has been touted as the basis of Bolivarian economic theory. I won't myself explain what it is. Rather, I will show a post that tells us what endogenous growth is and isn't. That can then serve as the basis for further discussion.
Here is what it says:
What is endogenous growth and what isn't it?
Its a productive model that:
Is based on our capabilities and using our resources.
Uses the centers of Endogenous Economic Development
Motivates the participation of the community in the planning of the economy through new types of organizations and social groupings
Stimulates the democratization of the national wealth
Is organized from the bottom up in relation to the culture of each group of people
Reduces social exclusion guarenteeing the quality of live for everyone
Promotes the adoption of new styles of live and comsumption based on the values of cooperation and solidarity
Rewards productives work before profits
Development of all branches of the economy and the complementary relatio between them, generating productive networks
Its power for the people
Its not:
Its not a model of import substitution
Its not an employment plan
Its not a plan for more production without considering what should be produced
Its not a plan which looks to increase profits for big companies
Its not a government jobs program
Its not exploiting natural resources irrationally
Its not the uncontrolled and inadequate use of technology
Its not production guided by the "invisible hand of the market"
Its not the development of one sector of the economy to the detriment of others
Its not based on the values of competition and egoism
Its not power for the elites
|
Here is what it says:
What is endogenous growth and what isn't it?
Its a productive model that:
Is based on our capabilities and using our resources.
Uses the centers of Endogenous Economic Development
Motivates the participation of the community in the planning of the economy through new types of organizations and social groupings
Stimulates the democratization of the national wealth
Is organized from the bottom up in relation to the culture of each group of people
Reduces social exclusion guarenteeing the quality of live for everyone
Promotes the adoption of new styles of live and comsumption based on the values of cooperation and solidarity
Rewards productives work before profits
Development of all branches of the economy and the complementary relatio between them, generating productive networks
Its power for the people
Its not:
Its not a model of import substitution
Its not an employment plan
Its not a plan for more production without considering what should be produced
Its not a plan which looks to increase profits for big companies
Its not a government jobs program
Its not exploiting natural resources irrationally
Its not the uncontrolled and inadequate use of technology
Its not production guided by the "invisible hand of the market"
Its not the development of one sector of the economy to the detriment of others
Its not based on the values of competition and egoism
Its not power for the elites
|
