Towards New Developmentalism: Market as Means rather than Master

by Khan; Shahrukh Rafi

• ISBN13: 9780415779845
• ISBN10: 0415779847
• Format: Hardcover
• Copyright: 2010-10-21
• Publisher: Routledge

Summary

The global financial and economic crisis starting in 2007 has provoked the exploration of alternatives to neo-liberalism. Although neo-liberalism has been critiqued from various perspectives, these critiques have not coalesced into a concrete alternative in development economics literature. The main objective of this book is to name and formulate this alternative, identify what is new about this viewpoint, and project it on to the academic landscape.This book includes contributions from many prominent development economists who are unified by a form of "developmental pragmatism". Their concern is with the problems of development that preoccupied the pioneers of economic development in the mid-twentieth century, known as the developmentalists. Like the developmentalists, the contributors to Towards New Developmentalism are policy-oriented and supportive of institutional development and engagement with economic globalization. This collection has an over-arching concern with promoting social justice, and holds the general view of the market as the means to affecting an alternative program of development rather than as a master whose dictates are to be obeyed without question.ãThis important collection sets the agenda for new developmentalism, drawing on issues such as industrial policy, technology, competition, growth and poverty. In broad terms, the economic development debate is cast in terms of whether the market is the master, an ideological neo-liberal perspective, or the means to affect change as suggested by the pragmatic perspective that is being termed neo-developmentalism. This book will be valuable reading to postgraduates and researchers specialising in the area of development studies including within economics, international relations, political science and sociology.

Table of Contents

List of figures	p. xiii
List of tables	p. xv
List of contributors	p. xvi
Acknowledgments	p. xvii
Introduction	p. 1
Exploring and naming an economic development alternative	p. 3
Conceptual issues and a new developmental! agenda	p. 19
The market as means rather than master: the crisis of development and the future role of the state	p. 21
Hamlet without the Prince of Denmark: how development has disappeared from today's "development" discourse	p. 47
The economics of failed, failing, and fragile states: productive structure as the missing link	p. 59
Neo-liberal constraints on the policy agenda	p. 87
The pernicious legacy of the rent-seeking paradigm	p. 89
Cementing neo-liberalism in the developing world: ideational and institutional constraints on policy space	p. 100
Mobilizing public resources for a new development strategy in the age of globalization: the fiscal space dilemma in Latin America	p. 119
Investment treaties as a constraining framework	p. 154
Case studies in pro-active government	p. 175
Government reform and industrial development in China and Mexico	p. 177
Growth and development in Africa: challenges and opportunities	p. 203
Conclusion: moving to alternatives	p. 225
Climate-resilient industrial development paths: design principles and alternative models	p. 227
Towards new developmentalism: context, program, and constraints	p. 252
Index	p. 279
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