Many African states are exploring the East Asian model developmental state in the wake of the erosion of neoliberal hegemony following the financial crisis and the rising of populist leaders in liberal countries. Meanwhile, countries regardless of their ideological affinity are facing hardship in high debt servicing and indebtedness. The purpose of this paper is to explore the impact of the developmental state on preventing indebtedness. The first chapter of the paper introduces and outlines the origins of the international and African debt and the developmental state model. The second chapter presents the argument on the neoliberal led debt-driven structural adjustments and its impact on development from a dependency theory approach. The third chapter explores a case study involving Ethiopia and its developmental state. The study reveals the developmental state's ability to prevent indebtedness is less significant. This research suggests the integration of the developing countries in the global economy is required to tackle indebtedness. Key Words: Developmental state, neoliberalism, Ethiopia, debt, dependency theory
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Mengesha, Feben Tamrat
Rights Holders: Mengesha, Feben Tamrat Supervisors: Ford, Lucy
Department of Social SciencesFaculty of Humanities and Social Sciences
MA International Relations
2020
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