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Reclaiming Development: An Alternative Economic Policy Manual (Global Issues S.) ISBN: 1842772015 ISBN13: 9781842772010 Reclaiming Development: An Alternative Economic Policy Manual (Global Issues S.) By: Ha-Joon Chang ; Ilene Grabel Publisher: Zed Books Ltd Format: Paperback Our Price: 8.13 Discount: 26% RRP: 10.99

After half a century of disappointed hopes, where do developing countries go from here? Two economists refute some of the main myths of free market globalization in trenchant fashion. History does not show that the free market is the best path to prosperity. It is not true that globalization is simply a technological reality that cannot be stopped. The US economy has not outperformed its competitors in the 1990s. East Asia's success does indeed have lessons which other countries can emulate. Developing countries do not need economic policemen in the shape of the World Bank or IMF or WTO. Most important of all, in each key area -- trade and industrial policy, privatization, intellectual property rights, investment and financial policies, exchange rate and currency policy, labour and social welfare -- there are alternatives to neoliberal policies that the historical experience of particular countries has shown really work.


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


Brief Description:

After half a century of disappointed hopes, where do developing countries go from here? In this volume, two economists refute some of the main myths of free market globalization in trenchant fashion. introducing the alternative economic policies that can be and have been successfully pursued.

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