The authors of this book challenge prevailing ideas about free markets and globalization. They question whether globalization is a technological reality that cannot be stopped and ask if the US economy really outperformed its competitors in the 1990s. They show how 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 prove really works.
Part I. Introduction
• Introduction
• Part II. Myths and Realities About Development
• Myth I: History Shows that Free Markets Are Best.
• Myth II: Neo-Liberalism Works.o Myth III: Globalisation Cannot and Should Not Be Stopped.
• Myth IV: The (Neo-Liberal) American Model of Capitalism Represents the Ideal that All Developing Countries Should Seek to Replicate.
• Myth V: The East Asian Model is Idiosyncratic; The Anglo-American Model is Universal.
• 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
• Policy Alternatives I: Trade and Industry
• Policy Alternatives II: Privatisation and Property Rights
• Policy Alternatives III: International Private Capital Flows
• Policy Alternatives
• Domestic Financial Regulation
• Policy Alternatives V: Macroeconomic Policies and Institutions
• Part IV. Conclusion
• Conclusion
Overview
The authors of this book challenge prevailing ideas about free markets and globalization. They question whether globalization is a technological reality that cannot be stopped and ask if the US economy really outperformed its competitors in the 1990s. They show how 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 ...