New Ideas on Development After the Financial Crisis

by Birdsall, Nancy; Fukuyama, Francis

• ISBN13: 9780801899768
• ISBN10: 0801899761
• Format: Paperback
• Copyright: 2011-03-24
• Publisher: Johns Hopkins Univ Pr

Summary

The global financial crisis of 2007--2008 has changed the way people around the world think about development. The market-friendly, lightly regulated model of capitalism promoted by the United States is now at risk, and development thinking worldwide is at something of an impasse. Editors Nancy Birdsall and Francis Fukuyama bring together leading scholars to explore the implications of the global financial crisis on existing and future development strategies.In addressing this issue, the contributors contemplate three central questions: How has the crisis affected current ideas in development thinking? How has the crisis affected and how will the crisis affect economic policy and political realities in Latin America and Asia, including China and India? Will the crisis reinforce shifts in geopolitical power and influence, and in what form? Essays answering these questions identify themes that are essential as economic and political leaders address future challenges of development.To help move beyond this time of global economic turmoil, the contributors -- the foremost minds in the field of international development -- offer innovative ideas about stabilizing the international economy and promoting global development strategies.Contributors: Nancy Birdsall, Center for Global Development; Michael Clemens, Center for Global Development; Kemal Dervis, Brookings Institution; Larry Diamond, Stanford University; Francis Fukuyama, Stanford University; Peter S. Heller, Johns Hopkins University; Yasheng Huang, Massachusetts Institute of Technology; Justin Yifu Lin, World Bank; José Antonio Ocampo, Columbia University; Mitchell A. Orenstein, Johns Hopkins University; Minxin Pei, Carnegie Endowment for International Peace; Lant Pritchett, Harvard University; Liliana Rojas-Suarez, Center for Global Development; Arvid Subramanian, Johns Hopkins University

Author Biography

Nancy Birdsall is president of the Center for Global Development. She was formerly with the Carnegie Endowment for International Peace and executive vice president of the Inter-American Development Bank. She is the author of numerous publications on labor markets, human resources, economic inequality, and other development issues. Francis Fukuyama is the Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies at Stanford University, editor of Nation-Building: Beyond Afghanistan and Iraq, and coeditor of East Asian Multilateralism: Prospects for Regional Stability, both also published by Johns Hopkins.

Table of Contents

Preface	p. vii
Introduction: The Global Financial Crisis: The Beginning of the End of the ôDevelopmentö Agenda?	p. 1
Implication of the Crisis on Development Thinking
Three Models of Contemporary Capitalism	p. 29
Lessons from the Great Recession	p. 50
The Crisis and the Two Globalization Fetishes	p. 68
Emerging Market Perspectives
China: Getting the Rural Issues Right	p. 85
China's Response to the Global Economic Crisis	p. 111
Latin American Development after the Global Financial Crisis	p. 133
The International Financial Crisis: Eight Lessons for and from Latin America	p. 258
International Institutions
Toward Strengthened Global Economic Governance	p. 191
After the Crisis
The Financial Crisis and Organizational Capability for Policy Implementation	p. 215
The Democratic Recession: Before and After the Financial Crisis	p. 240
The Labor Mobility Agenda for Development	p. 260
Global Economic Crisis and Demographic Change: Implications for Development Policy	p. 288
Conclusion: What Crisis?	p. 311
Contributors	p. 327
Index	p. 331
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