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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 ntellectual property rights - with some important common theoretical threads running through them, which he calls “the institutionalist polical 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 historial 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: INTRODUCTION PART I. THEORETICAL BACKGROUNDS CHAPTER 1 THEORIES OF STATE INTERVENTION IN HISTORICAL PERSPECTIVE 1.
The Golden Age and the Rise of the State CHAPTER 2 STATE, INSTITUTIONS AND STRUCTURAL CHANGE 1.
Introduction CHAPTER 3 AN INSTITUTIONALIST PERSPECTIVE ON THE ROLE OF THE STATE: TOWARDS AN INSTITUTIONALIST POLITICAL ECONOMY 1.
Introduction PART II. DOMESTIC POLICY ISSUES CHAPTER 4 THE POLITICAL ECONOMY OF INDUSTRIAL POLICY 1.
Introduction CHAPTER 5 THE ECONOMICS AND POLITICS OF REGULATION 1.
Introduction CHAPTER 6 PUBLIC ENTERPRISES IN DEVELOPING COUNTRIES AND ECONOMIC EFFICIENCY: A CRITICAL EXAMINATION OF ANALYTICAL, EMPIRICAL, AND POLICY ISSUES 1.
Introduction 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? 1.
Introduction CHAPTER 8 INTELLECTUAL PROPERTY RIGHTS AND ECONOMIC DEVELOPMENT: HISTORICAL LESSONS AND EMERGING ISSUES 1.
Introduction CHAPTER 9 INSTITUTIONAL FOUNDATIONS FOR EFFECTIVE DESIGN AND IMPLEMENTATION OF SELECTIVE TRADE AND INDUSTRIAL POLICIES IN THE LEAST DEVELOPED COUNTRIES: THEORY AND EVIDENCE 1.
Introduction: The Lineage of the Debate
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GLOBALISATION,
ECONOMIC DEVELOPMENT AND THE ROLE OF THE STATE