Why Didn't the Pink Tide Resurrect Developmentalism?

Neo developed mentalism of the pink tide made peace with service sector, dominated labor markets in prioritized extraction over manufacturing. They thus betrayed promises of regional integration and mutually reinforced their peripheral status. And as happened under corea austerity was s latin americans, leftist and otherwise, have long embraced something called dependency theory to explain their country's place in the world system. The temptation to just use those resource ance rather than do long term capital investments to create an industrial base all of that conspired against the resuscitation of developmentalism in its classical sense.