| Themes > Trade & Payments | |
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| Estimating the surplus in the periphery: an application to Turkey | |
| Cem Somel | |
This paper discusses how the economic
surplus concept can be used to analyse the constraints imposed by the
world system on economic development. It argues that the interaction of
foreign interests with domestic ruling class interests influences the
allocation of surplus in underdeveloped social formations by shaping the
entire domestic incentive and constraint environment. The central problem
of development then is to replace these constraints with national development
priorities. Empirical analysis is based on an estimation of the surplus
for Turkey for 1980-96. |
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| © International Development Economics Associates 2004 | |