This paper attempts to show that a successful development process is not
possible unless there is a multidisciplinary, systemic and evolutionary approach. To
this end, we utilize the French regulation theory and experience of different strategies of development.
The modes of regulation vary in different countries because the economies are embedded in a dense network of social and political relations and institutions. In fact, the historically and geographically variable structure of each economy gives
rise to its own economic and social cycles and crises. Otherwise, the very success of development process denies the canonical opposition between state and market. But there are various forms of coordination alternatives to state and market. So, for selecting an optimal strategy of development, the interaction between economics, politics, long - term history. .. must be taken into account as well as the externalities and complementarily.
JEL Classification: H15, R38, R48.
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