Globalisation, Economic Development & the Role of the State
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A01=Ha-Joon Chang
Author_Ha-Joon Chang
Category=GTP
Category=KCM
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eq_business-finance-law
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Product details
- ISBN 9781842771433
- Publication Date: 01 Jul 2003
- Publisher: Bloomsbury Publishing PLC
- Publication City/Country: GB
- Product Form: Paperback
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The role of the state in the economy has always been a controversial issue in public debate, but it has become more so in the last quarter of a century with the rise of neoliberal thinking that preaches the virtues of unregulated markets and recommends de-regulation, opening-up, and privatisation.
This push for a minimal, pro-business state, especially in developing countries, has been further intensified with both the rise of globalisation and the many radical neoliberal 'reforms' implemented, often under pressure from multilateral agencies (such as the IMF, the World Bank, and the WTO). In this book, the author highlights the failure of neoliberalism, especially in developing countries, or what he terms 'the intellectual bankruptcy of neoliberalism', which, he believes, 'stems ultimately from its failure to base its discourse on a balanced and sophisticated theory of the inter-relationship between the market, the state, and other institutions'. He also tries to construct a credible alternative theoretical framework to neoliberalism, informed by a balanced understanding of empirical evidence.
The issues covered concern a rather wide range of domestic and international policy issues - including trade policy, privatisation, transnational corporations, and intellectual property rights.
Ha-Joon Chang is Assistant Director of Development Studies in the Faculty of Economics and Politics, University of Cambridge.
