Reclaiming development : an alternative economic policy manual

Author(s)

Bibliographic Information

Reclaiming development : an alternative economic policy manual

Ha-Joon Chang and Ilene Grabel

(Global issues)

University Press , Zed Books, 2004

  • : pb (Zed)

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Note

Includes bibliographical references (p. [206]-216) and index

Description and Table of Contents

Description

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.

Table of Contents

  • PART I. INTRODUCTION 1. Introduction PART II. MYTHS AND REALITIES ABOUT DEVELOPMENT 2. Myth I: History shows that free markets are best. 3. Myth II: Neo-liberalism works. 4. Myth III: Globalisation cannot and should not be stopped. 5. Myth IV: The (neo-liberal) American model of capitalism represents the ideal that all developing countries should seek to replicate. 6. Myth V: The East Asian model is idiosyncratic
  • the Anglo-American model is universal. 7. Myth VI: Developing countries need discipline. Discipline is provided by international institutions like the IMF and the WTO, and by independent domestic institutions, such as currency boards. PART III. POLICY ALTERNATIVES 8. Policy alternatives I: Trade and industry 9. Policy alternatives II: Privatisation and Property Rights 10. Policy alternatives III: International private capital flows 11. Policy alternatives IV: Domestic financial regulation 12. Policy alternatives V: Macroeconomic policies and institutions PART IV. CONCLUSION 13. Conclusion Endnotes References Suggestions for further reading

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