Front cover

critique influence change

About the authors

Title

Copyright

Contents

Acknowledgements

List of Abbreviations

Foreword by Robert H. Wade

The neoclassical paradigm

The occlusion of power and class

Finance as ‘oil in the engine’

The maxi-max basis of neoclassical policy prescription

The art of paradigm maintenance

Reclaiming development

Notes

Preface to the critique influence change edition

Notes

Introduction: Reclaiming Development

Note

Part I Myths and Realities about Development

1 Myth 1 ‘Today’s wealthy countries achieved success through a steadfast commitment to the free market’

1.1 The Myth

1.2 The Myth Explored

1.3 The Myth Rejected

Notes

2 Myth 2 ‘Neoliberalism works’

2.1 The Myth

2.2 The Myth Explored

2.3 The Myth Rejected

Notes

3 Myth 3 ‘Neoliberal globalization cannot and should not be stopped’

3.1 The Myth

3.2 The Myth Explored

3.3 The Myth Rejected

Notes

4 Myth 4 ‘The neoliberal American model of capitalism represents the ideal that all developing countries should seek to replicate’

4.1 The Myth

4.2 The Myth Explored

4.3 The Myth Rejected

Notes

5 Myth 5 ‘The East Asian model is idiosyncratic; the Anglo-American model is universal’

5.1 The Myth

5.2 The Myth Explored

5.3 The Myth Rejected

Notes

6 Myth 6 ‘Developing countries need the discipline provided by international institutions and by politically independent domestic policymaking institutions’

6.1 The Myth

6.2 The Myth Explored

6.3 The Myth Rejected

Part II Economic Policy Alternatives

7 Policy Alternatives 1 Trade and Industry

7.1 Trade Policy

7.2 Industrial Policy

Notes

8 Policy Alternatives 2 Privatization and Intellectual Property Rights

8.1 Privatization

8.2 Intellectual Property Rights

Notes

9 Policy Alternatives 3 International Private Capital Flows

9.1 General Analysis

9.2 Foreign Bank Borrowing

9.3 Portfolio Investment

9.4 Foreign Direct Investment

Notes

10 Policy Alternatives 4 Domestic Financial Regulation

11 Policy Alternatives 5 Macroeconomic Policies and Institutions

11.1 Exchange Rate and Currency Policies

11.2 Central Banking and Monetary Policy

11.3 Fiscal Policy

Notes

Conclusion: Obstacles and Opportunities for Reclaiming Development

References

Recommended Further Reading

Index

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