ABSTRACT
The economic order, or economic system, is the institutional structure that determines who makes decisions about production, distribution, and consumption. The Sandinista mixed economy is "mixed" regarding both ownership and the coordination mechanism. The Michal Kaleckian mixed economy is, politically speaking, an "intermediate" between socialism and capitalism. In countries where the socialist government succeeded in maintaining its power, the mixed economy also was a temporary phenomenon. Industrialization is an important objective for most developing countries. It is necessary to achieve high rates of economic growth, provide for the basic needs of the population, create employment opportunities, promote an increasingly diversified economy, and give rise to desirable social, psychological, and institutional changes. An industrialization strategy has three main characteristics: the speed of the industrialization process, the structure of production, and the inward or outward orientation. The chapter also presents an overview of the key concepts discussed in this book.
