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Summary

Alternative models for grass roots economic development such as micro-financing are now being widely adopted in Bangladesh, India, Pakistan and elsewhere. New views on measuring development such as GDH (gross domestic happiness) have been adopted by Bhutan rather than GDP, and China's own hybrid approach combining market and planned policy to achieve economic transformation offer new choices for developing countries. All of these are representative of a new wave of thinking that rejects the increasingly discredited policies of the IMF and World Bank. It is easy to criticise the views of activists who take to the street every time the World Bank, IMF, WTO or World Economic Forum meet. However they are driven by hard concerns which are not calling for an end to globalization but a reorientation of what this means. They are challenging notions of accepted economic and business parlance, calling for fair trade rather than just free trade; balanced rather than fast growth; and protection of domestic cottage industries and with it ethnic diversification and social identity. In many respects the term is a misnomer. They are calling for fairer re-distribution of the fruits of globalization and a humane reduction of its side-effects through sensitivities to local conditional realities. This book brings together the views of many of the world's leading thinkers in alternative policy studies. Their collective views represent a fascinating insight into a growing movement that is slowly but surely affecting the way the world does business.

Author Biography

Laurence J. Brahm is a global activist, international crisis mediator, political economist and author.

A lawyer and economist by profession, during the 1990s he served as an advisor to the central banks of Vietnam, Laos and Cambodia, guiding them on financial reforms in their transition from socialism, and to Mongolia on enterprise restructuring. Brahm advised China ’s leadership on state-owned enterprise reforms throughout the 1990s. During this period he advocated practical solutions to development as alternatives to those espoused by the Washington Consensus and stood up against “shock therapy.”

Since 2002 Brahm has worked in the Himalayan plateau, evolving new models of cultural and ecotourism development through heritage restoration boutique inns, pioneering micro-equity projects for marginalized women and the handicapped, and organizing rural medical and educational outreach programs. Brahm founded the NGO Shambhala. He has also served as interlocutor and bridge between Beijing and Dalai Lama in their negotiations, and worked with Nepal’s Maoists during their transition from guerilla fighters to a legitimate political party in a democratic system.

Author of more than 20 books on the Asian region, Brahm has covered a wide spectrum of topics in his writings. These include economic development, financial reform and monetary policy in China and Southeast Asia, as well as new-era travel in Tibet.

Brahm is a columnist and commentator for Hong Kong South China Morning Post and for

ReviewAsia magazine. He divides his time between Lhasa and Beijing.

Introduction
Beijing Years
Searching for Beijing Consensus
Confessions of an Ex-Corporate Lawyer
Fighting Washington Consensus in Laos
Coping with Currency Crisis in Vietnam
Managing the Market in Beijing
Nomads Go Corporate in Mongolia
Calling for Overthrow of the ADB
Back with Premier Zhu in Beijing
Emasculating the World Economic Forum in Beijing
The Himalayan Years
Finding a New Himalayan Consensus
Searching for Shangri-la
Seeking New Consensus
Searching for Sustainable Tourism
Beginning by Protecting Heritage Architecture
Moving to Lhasa
Establishing a Sustainable NGO
The Road Ahead
Towards Himalayan Consensus
Searching for Shambhala
Finding the Oracle of the Panchen Lamas
In the Age of Kali
Searching for the Panchen Lama
Coping with the Age of Kali
Searching for Shambhala
Tibet's New Voice
Advocating Himalayan Consensus From Top of the World
Which Way?
The Lhasa Way
A New Formula For Hu?
An Unharmonious Society
Cause and Effect Syndrom
New Values - New Order
Protectionist Walls
What about Globalization
Toward a More Compassionate Post-Breton Woods System
The Shangri-La Way
From Tibetan Grass Roots Sprout New Economic Alternatives
Coping with Income Disparity
Solving New Problems Created
Economic or C02 Bubble?
When Ideology Falls Short
Searching for Shangri-la
The Shangri-la Alternative
Silk Road Consensus
Finding Himalayan Consensus on the Caravan Serai
Toward Silk Road Consensus
Time for New Consensus
Re-empowering the Madras
Turning the Himalayan Barrier into a Bridge
New Himalayan Paradigm
Missing Link
Toward a Kashmir Solution
The Unsolved Problem
Afghanistan
Marginalizing Poverty and Terrorism
Nepal's "Prachanda Path"
Buddhism's Middle Way Becomes Mandate for Nepal's Maoists
Finding a Middle Path
Populist People Power
Anatomy of a Maoist
US Administration Opposition and Interference
Deterring Democracy
Deferring from the IMF-World Bank Line
Towards New Consensus
An Idea Whose Time Has Come
The Rise of Himalayan Consensus
Re-engineering Shambhala Vision
Setting New Paradigms
Village Grassroots Banking
Calling for the Right Kind of Globalization
The Sri Lankan Alternative
Seeking Justice in the Forest, Village or Capital Market Place
Buddhist Diplomacy Begins
Toward Building New Asian Consensus
A Sri Lankan Alternative to Washington Consensus
Table of Contents provided by Publisher. All Rights Reserved.

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