From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Sep 01 2004 - 20:52:41 EDT
NEW RELEASE INFORMATION FROM ZED BOOKS TITLE: Reclaiming Development: An Alternative Economic Policy Manual AUTHORS: Ha-Joon Chang and Ilene Grabel FOREWORD: Susan Sontag SERIES: Global Issues ISBN/PRICE: 1 84277 200 7 hbk GBP32.95/US$55.00 1 84277 201 5 pbk GBP9.99/US$17.50 FEATURES: Notes Bibliography Index 240pp Large Crown format LIBRARY CATEGORIES: Development, Economics PUBLICATION DATE: 31 May 2004 (2 months later in US) TERRITORIAL RESTRICTIONS: None. The Zed edition of this title is for sale all over the world. KEY POINTS + Refutes idea that the current form of globalization is something that is primarily the product of technology and so inevitable. It has been made by governments, and could be re-made in the interests of people. + A trenchant critique of the mainstream economic ideology of our times -- neoliberal economics. + Introduces the reader to the panorama of alternative policies that history has shown can be pursued, and successfully. + Crucially relevant to students of economics, policy makers, and intelligent readers wanting to understand what alternatives exist to the tyranny of free market economics. MORE INFORMATION ABOUT THE BOOK The driving assumption within the international development policy establishment is that 'there is no alternative' to neo-liberal economics and globalisation. In 'Reclaiming Development' Ha-Joon Chang and Ilene Grabel explain what this dominant school says about how economies develop and the economic policies it imposes worldwide. By analysing the actual historical experiences of the leading Western and East Asian economies during their development, the authors question the validity of the neo-liberal development model. Turning to policy, the authors set out concrete, practical alternatives to neoliberalism across the key economic areas: trade and industrial policy; privatisation; intellectual property rights; external borrowing, portfolio and foreign direct investment; domestic financial regulation; and management of exchange rates, central banking and monetary policy, and government revenue and expenditure. In doing so, they advocate the most useful proposals that have emerged around the world along with some innovative measures of their own. This empowering and accessible book seeks to be of practical usefulness to students of development and to those, in government and beyond, looking for concrete policy ideas. WHAT THEY SAY '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. ABOUT THE AUTHORS Dr Ha-Joon Chang is Assistant Director of Development Studies in the Faculty of Economics and Politics, University of Cambridge, UK. 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 served 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 as 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." ==================================== Copies of new Zed titles announced through this list may be ordered by mail order by academic customers in the UK, Europe and elsewhere, postage and packing free. (Customers in the USA and Canada, please see below.) Please send your order by email to: margaret@zedbooks.demon.co.uk or by post, phone or fax to: Margaret Ling, Academic Marketing Manager, Zed Books 7 Cynthia Street, London N1 9JF, UK Tel +44 (0)20 7837 8466 Fax +44 (0)20 7833 3960 quoting your full institutional address for despatch, and payment details (VISA or Mastercard number, expiry date and registration address, sterling cheque or bank draft). You may also request an inspection copy for consideration for teaching use. 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