The failure of development and sustainable endogenous development: A new organization for Regional Development

The purpose of this paper is to contribute to an ongoing debate over the failure of the techno-economic development paradigm in Venezuela and its implications in Regional Development organizations. The article begins with a brief outline of the techno-economic paradigm of development and the failure of its implementation in Venezuela. The failure is understood as a cultural catastrophe in Venezuela which reached its crisis at the end of the twentieth century. As a contrasting possibility, an alternative notion of development, based on the promotion of endogenous concepts and sustainability as primary notions upon which to create and recreate local culture with a national and universal sense and that can be developed under the Constitution of the Venezuelan Bolivarian constitution.