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Endogenous development models in Latin America. Experiences and advances

Abstract:

21st century development models theory led countries to make changes in their internal policies, aiming to sustainable economic growth, included in their country's Economic Development Plans. The objective of this research is to conduct a comparative analysis of development models based on the analysis of endogenous (locally-generated) development mechanisms, showing that Latin American countries development models, such as those from Venezuela, Ecuador, and Bolivia, are closely related to the endogenous development model, for which the participation of local stakeholders in processes and goals is fundamental. Results show that current development models in such countries answer to specific local needs by strengthening territorial capacities, if not, such development mechanisms and policies are resisted, giving birth to a new development model.