Cover image for Globalisation, economic development, and the role of the state
Title:
Globalisation, economic development, and the role of the state
Author:
Chang, Ha-Joon, author.
ISBN:
9781842771433

9781842771426

9789839747874
Personal Author:
Physical Description:
viii, 335 pages ; 22 cm.
Contents:
Theories of state intervention in historical perspective -- State, institutions and structural change -- An institutionalist perspective on the role of the state: towards an institutionalist political economy -- The political economy of industrial policy -- The economics and politics of regulation -- Public enterprises in developing countries and economic efficiency: a critical examination of analytical, empirical, and policy issues -- Globalisation, transnational corporations, and economic development: can the developing countries pursue strategic industrial policy in a globalising world economy? -- Intellectual property rights and economic development: historical lessons and emerging issues -- Institutional foundations for effective design and implementation of selective trade and industrial policies in the least developed countries: theory and evidence.
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Summary

Summary

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 intellectual property rights.


Table of Contents

Part I Theoretical Backgrounds
Theories of State Intervention in Historical Perspective
State, Institutions, and Structural Change
An Institutionalist Perspective on the Role of the State
Part II Domestic Policy Issues
The Political Economy of Industrial Policy
The Economics and Politics of Regulation
Public Enterprises in Developing Countries and Economic Efficiency
Part III Policy Issues in the New Global Context
Globalisation, Transnational Corporations, and Economic Development
Intellectual Property Rights and Economic Development - Historical Lessons and Emerging Issues
Institutional Foundations for Effective Design and Implementation of Selective Trade and Industrial Policies in the Least Developed Countries: Theory and Evidence
Part I Theoretical Backgrounds
Theories of State Intervention in Historical Perspective
State, Institutions, and Structural Change
An Institutionalist Perspective on the Role of the State
Part II Domestic Policy Issues
The Political Economy of Industrial Policy
The Economics and Politics of Regulation
Public Enterprises in Developing Countries and Economic Efficiency
Part III Policy Issues in the New Global Context
Globalisation, Transnational Corporations, and Economic Development
Intellectual Property Rights and Economic Development - Historical Lessons and Emerging Issues
Institutional Foundations for Effective Design and Implementation of Selective Trade and Industrial Policies in the Least Developed Countries: Theory and Evidence