Esteva (1992, 6) argues that Truman “invented” the term underdevelopment in the contemporary sense in his presidential address by using the word underdeveloped for the first time in this context, though Cooper (1997) explains the substantive affinities of earlier colonial development discourses in Europe (which had emerged in reaction to anticolonial movements).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1275