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
- with some important common theoretical threads
running through them, which he calls "the
institutionalist political economy approach".
It is the author's hope that this book will
help "those who are trying to construct,
either at the theoretical level or at the practical
level, some credible alternatives to neoliberalism
– even if their alternatives are significantly
different from mine".
About the Author
Ha-Joon Chang is the Assistant Director of Development
Studies at the Faculty of Economics and Politics,
University of Cambridge. His main research interests
include theories of state intervention: institutional
economics; industrial, trade, and technology
policies; globalisation; the East Asian economies;
and economic development in historical perspective.
He has been a consultant to many UN organisations
such as UNCTAD, UNDP, UNIDO, and WIDER, as well
as to international financial institutions such
as the World Bank and Asian Development Bank.
He is the author of The Political Economy of
Industrial Policy(1994), and more recently,
Kicking Away the Ladder - Development Strategy
in Historical Perspective (2002). He has also
edited several books and published numerous
articles in academic journals and the mass media.
Contents ~ Acknowledgements
~ Introduction
PART I: THEORETICAL
BACKGROUNDS ~ CHAPTER 1: Theories of state intervention
in historical perspective ~ CHAPTER 2: State,
Institutions and Structural Change ~ CHAPTER
3: An Institutionalist Perspective on the role
of the state: Towards an Institutionalist Political
Econom
PART II: DOMESTIC
POLICY ISSUES ~ CHAPTER 4: The Political Economy
of Industrial Policy ~ CHAPTER 5: The Economics
and Politics of regulation ~ CHAPTER 6: Public
Enterprises In Developing Countries and Economic
Efficiency: A critical examination of Analytical,
Empirical and Policy Issue
PART III:
POLICY ISSUES IN THE NEW GLOBAL CONTEXT ~ CHAPTER
7: Globalisation, Transnational Corporations
and Economic Development: Can the Developing
Countries pursue strategic industrial policy
in a globalising world economy? ~ CHAPTER 8:
Intellectual Property Rights and Economic Development:
Historical lessons and emerging issues ~ CHAPTER
9: Institutional Foundations for effective design
and implementation of selective trade and industrial
policies in the least developed countries: Theory
and Evidence
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