The Resistible Rise of Market Fundamentalism The Struggle for Economic Development in a Global Economy

by Kozul-Wright, Richard; Rayment, Paul

• ISBN13: 9781842776377
• ISBN10: 1842776371
• Format: Paperback
• Copyright: 2008-02-15
• Publisher: ZED BOOKS

Summary

"Stabilise, liberalise and privatise" has, since the debt crisis of the early 1980s, been the mantra chanted at developing countries with quasi-religious conviction by international financial institutions, donor countries and newspaper columnists. Policy debate has increasingly polarised into the rhetoric of extremes: trade liberalisers versus protectionists, cosmopolitan versus nationalist, the right-thinking versus the wrong-headed, and so on. In The Resistible Rise of Market Fundamentalism Richard Kozul-Wright and Paul Rayment expose the mix of selective evidence, mythical economic history, simplistic assumptions and opportunistic bias which comprise this prescription for economic development.

Author Biography

Richard Kozul-Wright is Senior Economic Affairs Officer, United Nations Conference on Trade and Development (UNCTAD). Paul Rayment is Director of Economic Analysis at the Commission for Europe of the United Nations.

Table of Contents

Introduction * Globalisation as it was in the beginning, is now, and .... * Trade flows and global interdependence * Financial flows and global interdependence * Foreign Direct Investment and integrated international production * Twenty years on: The record of neo-liberalism since the debt crisis * What is to be Done? A realistic framework for development policies

Introduction * Globalisation as it was in the beginning, is now, and .... * Trade flows and global interdependence * Financial flows and global interdependence * Foreign Direct Investment and integrated international production * Twenty years on: The record of neo-liberalism since the debt crisis * What is to be Done? A realistic framework for development policies