|
Reclaiming
Development : An Economic Policy Handbook for Activists and Policymakers
Authors: Ha-Joon Chang and Ilene Grabel
There is no alternative - to
neo-liberal economics, Americanisation and globalisation - remains the
driving assumption within the international development policy
establishment. Ha-Joon Chang and Ilene Grabel explain the main assertions of
this dominant school. They combine data, a devastating economic logic, and
an analysis of the historical experiences of leading Western and East Asian
economies, to question the validity of the neo-liberal development model.
They then set out practical alternatives in the key areas: trade and
industrial policy; privatisation; intellectual property rights; external
borrowing; investment; financial regulation; exchange rates, monetary
policy, government revenue and expenditure. The most useful proposals that
have emerged around the world are combined with some innovative measures of
their own, in an empowering and accessible book.
Buy this book on Amazon.com
June 8, 2004 - Book Launch: Reclaiming Development: An Alternative Economic
Policy Manuel (Washington, DC, USA)
About the
Authors
Dr Ha-Joon Chang is Assistant
Director of Development Studies in the Faculty of Economics and Politics,
University of Cambridge. Born in the Republic of Korea, and educated at the
Seoul National University and subsequently at Cambridge. His books include
Kicking Away the Ladder - Development Strategy in Historical Perspective
(Anthem, 2002), and Globalisation, Economic Development, and the Role of the
State (Zed, 2003). Since 1992 he has also servesd on the editorial board of the
Cambridge Journal of Economics. He was a member of the Advisory Panel for the
Human Development Report, 1999 and has acted a research project coordinator and
consultant to numerous UN agencies and international agencies including the
World Bank, the Asian Development Bank, the British Government's DfID, and the
IDRC in Canada, and the South African Government's DTI.
Ilene Grabel is Associate Professor and Co-Director of the graduate program in
Global Finance, Trade and Economic Integration at the Graduate School of
International Studies of the University of Denver. She also lectures at the
Cambridge University Advanced Programme on Rethinking Development Economics.
Grabel has published widely in academic journals on financial policy and crises,
international capital flows, and central banks and currency boards. She has
worked as a consultant to the UN/UNCTAD Group of Twenty-Four and the UN
University's World Institute for Development Economics Research and works with
the international NGO coalition, "New Rules for Global Finance."
Praise for
Reclaiming Development
This unusually
well-written, direct and succinct book describes neo-liberal positions
fairly; offers theoretically rigorous and empirically accurate critiques;
and describes feasible, practical alternative policies that take realistic
account of political, economic and financial constraints. Discussion of
financial, monetary, fiscal, trade and industry policy and intellectual
property rights is especially strong and constructive and makes important
innovative contributions. It is a fine, carefully analytical achievement
which would contribute to hastening both efficient and socially just
development wherever the insights are appropriately used. - John Langmore,
Representative of the ILO to the UN
Chang and Grabel demolish the myths (or fabrications) underlying neo-liberal
views about economic development and provide succinct, constructive
suggestions for policies regarding trade and industry, privatization and
intellectual property rights, private capital movements, financial
regulation, and macroeconomics. Reclaiming Development is a manifesto that
should be on the shelves of policy-makers, academics, and students
worldwide. - Lance Taylor, Arnhold Professor, New School University, and
author of Reconstructing Macroeconomics
A growing number of developing countries are taking back control over
economic policy from the IMF and the World Bank. The wide range of policy
suggestions contained in this book provides a rich mine of concrete and
practicable alternatives from which to choose in taking advantage of
whatever room globalization still allows developing countries and reshaping
economic policy in their own interests. - Martin Khor, Director, Third World
Network
This book is not only a superb antidote to the numbing myths of
neoliberalism but also a cogent and stimulating presentation of the many
possibilities for alternatives to neo-liberal economic policy that both
theory and history provide policy-makers and students of development. -
Thandika Mkandawire, Director, United Nations Research Institute for Social
Development (UNRISD)
The dominant neo-liberal economic doctrine asserts that there is no
alternative to its policy prescriptions which provide the foundations for
success in an age of globalization. This book questions and refutes the
belief system implicit in the assertion. It does so in a manner that is
highly iconoclastic. Yet, it is solidly grounded in economic theory and
empirical evidence, both historical and contemporary - Deepak Nayyar, Vice
Chancellor, University of Delhi
Contents
Introduction: Reclaiming Development
Part I. Myths and Realities about Development
Introduction
1. Myth 1: Today's Wealthy Countries Achieved Success through a Steadfast
Commitment to the Free Market
2. Myth 2: Neo-liberalism Works
3. Myth 3: Neoliberal Globalisation Cannot and Should Not be Stopped
4. Myth 4: The Neo-liberal American Model of Capitalism Represents the Ideal
that All Developing Countries Should Seek to Replicate
5. Myth 5: The East Asian Model is Idiosyncratic; the Anglo-American Model
is Universal
6. Myth 6: Developing Countries Need the Discipline Provided by
International Institutions
and Politically Independent Domestic Policymaking Institutions
Part II. Economic Policy Alternatives
7. Policy Alternatives 1: Trade and Industry
8. Policy Alternatives 2: Privatisation and Intellectual Property Rights
9. Policy Alternatives 3: International Private Capital Flows
10. Policy Alternatives 4: Domestic Financial Regulation
11. Policy Alternatives 5: Macroeconomic Policies and Institutions
Conclusion: Obstacles and Opportunities for Reclaiming Development
Buy this book on Amazon.com
June 8, 2004 - Book Launch: Reclaiming Development: An Alternative Economic
Policy Manuel (Washington, DC, USA)
|
