The driving assumption within the international development policy establishment is that 'there is no alternative' to neo-liberal economics and globalisation. I... » 

The driving assumption within the international development policy establishment is that 'there is no alternative' to neo-liberal economics and globalisation. In 'Reclaiming Development' Ha-Joon Chang and Ilene Grabel explain what this dominant school says about how economies develop and the economic policies it imposes worldwide. By analysing the actual historical experiences of the leading Western and East Asian economies during their development, the authors question the validity of the neo-liberal development model. Turning to policy, the authors set out concrete, practical alternatives to neoliberalism across the key economic areas: trade and industrial policy; privatisation; intellectual property rights; external borrowing, portfolio and foreign direct investment; domestic financial regulation; and management of exchange rates, central banking and monetary policy, and government revenue and expenditure. In doing so, they advocate the most useful proposals that have emerged around the world along with some innovative measures of their own. This empowering and accessible book seeks to be of practical usefulness to students of development and to those, in government and beyond, looking for concrete policy ideas. «