Development Redefined: How the Market Met Its MatchRejecting the "flat worldism" of the globalists as well as the peaks and valleys of trade and aid policies over the years, Robin Broad and John Cavanagh guide us through the raging debate over the best route to development for the poorer nations of Africa, Asia, and Latin America. This book takes readers on a journey through the rise and fall of the one-size-fits-all model of development that richer nations began imposing on poorer ones three decades ago. That model-called the "Washington Consensus" by its backers and "neoliberalism" or "market fundamentalism" by its critics-placed enormous power in markets to solve the problems of the poor. The authors have stood at the epicenter of these debates from their perches in the United Nations, the U.S. government, academia, and civil society. They guide us back in time to understand why the Washington Consensus dominated for so long, and how it devastated workers, the environment, and the poor. At the same time, they chart the rise of an "alter-globalization" movement of those adversely affected by market fundamentalism. Today, this movement is putting alternatives into action across the globe, and what constitutes development is being redefined. As the authors present this dramatic confrontation of paradigms, they bring into question the entire conventional notion of "development," and offer readers a new lens through which to view the way forward for poorer nations and poorer people. This brief history of development connects an arcane world with contemporary forces of globalization, environmental degradation, and the violation of perhaps the essential human right: to be considered individually, equally, in an economically viable world and way. |
Contents
What Is Development? | 1 |
The Washington Consensus Emerges 13 20 | 13 |
The Citizen Backlash Erupts with Walden Bello | 27 |
Copyright | |
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Development Redefined: How the Market Met Its Match Robin Broad,John Cavanagh No preview available - 2009 |
Common terms and phrases
administration Africa agenda alter-globalization movement alternatives Asia Asian financial crisis backlash Bank's big emerging markets billion Brazil capital challenge Chapter China citizen groups Clinton commodities Consensus backers Consensus policies create crises critics critique debt crisis decades developing countries developing world development debate Earth Summit economic growth economists elite environment environmental degradation exports farmers foreign Free Trade free-trade Friedman global corporations global economic growing income India indigenous Indonesia industrial inequalities initiatives institutions International Economics International Monetary Fund investment Korea and Taiwan labor Latin America loans market fundamentalism ment Mexico myths NAFTA neoliberalism North North-South percent Philippines political poor countries poorer nations poverty president production programs proposals reforms Robin Broad Sachs shift social South Korea strategies structural adjustment tion U.S. government U.S. Treasury United Nations University Walden Bello Washington Consensus workers World Bank world economy World Social Forum World Trade Organization would-be NICs York