The role of the state has occupied centre stage in the development of economics as an independent discipline and is one of the most contentious issues addressed by contemporary economists and political economists. The immediate postwar years saw a swing in economic theory towards interventionism, motivated by the urgent need for reconstruction in advanced capitalist countries, the establishment of socialism in parts of Asia and Eastern Europe, and the liberation of many developing nations from colonialism. After a quarter of a century of interventionist policies, a vigorous backlash against...
The role of the state has occupied centre stage in the development of economics as an independent discipline and is one of the most contentious issues...
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme. Looking first at the strengths and weaknesses of 'Korea Inc.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed,...
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressi...
This important collection tackles the failure of neoliberal reform to generate long-term growth and reduce poverty in many developing and transition economies. As dramatically demonstrated in the collapse of the WTO's Seattle talks, there is increasing dissatisfaction, in both developing and developed countries, with the emerging neoliberal global economic order. The resignations of Joseph Stiglitz and Ravi Kanbur from the World Bank emphasize that this disillusionment with the orthodoxy now exists at the very heart of the establishment. Yet the increasing demand for an alternative to this...
This important collection tackles the failure of neoliberal reform to generate long-term growth and reduce poverty in many developing and transitio...
No one has challenged the policies of the international financial community as profoundly as Joseph Stiglitz, the former Chief Economist of the World Bank. In controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department.
For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of...
No one has challenged the policies of the international financial community as profoundly as Joseph Stiglitz, the former Chief Economist of the Wor...
The issue of institutional development has come to prominence during the last decade or so. During this period even the IMF and the World Bank, which used to treat institutions as mere 'details', have come to emphasise the role of institutions in economic development. However, there are still some important gaps that need to be filled before we can say that we have a good grip on the issue of institutions and economic development, both theoretically and at the policy level. This book is an attempt to fill these gaps. Recognizing the complexity of the issues involved, this book draws...
The issue of institutional development has come to prominence during the last decade or so. During this period even the IMF and the World Bank, wh...
This book critically re-examines the currently dominant paradigm of agricultural development policy from historical and comparative perspectives. Examining the experiences of 11 developed countries in their earlier stages of development and the experiences of 10 developing and transition economies in the last half a century, the book offers an in-depth discussion on a range of public policies for agriculture, some currently in use and others forgotten in the mist of history.
After presenting the overarching theoretical framework and a synthesis of findings over the 21...
This book critically re-examines the currently dominant paradigm of agricultural development policy from historical and comparative perspectives. E...
This book critically re-examines the currently dominant paradigm of agricultural development policy from historical and comparative perspectives. Examining the experiences of 11 developed countries in their earlier stages of development and the experiences of 10 developing and transition economies in the last half a century, the book offers an in-depth discussion on a range of public policies for agriculture, some currently in use and others forgotten in the mist of history. After presenting the overarching theoretical framework and a synthesis of findings over the 21 countries examined, the...
This book critically re-examines the currently dominant paradigm of agricultural development policy from historical and comparative perspectives. Exam...
The mainstream view of the way in which best to transform the communist economies was that there should be a rapid transition to a free market economy and political democracy. The articles in this book challenge this view. They do so from the standpoint of economic and political theory, and from an evaluation of the comparative experience of different reforming countries in Europe and Asia. This book represents the first systematic attempt to try to explain the dramatic contrast in outcome between reforming countries that have pursued comprehensive system reform and those that have pursued...
The mainstream view of the way in which best to transform the communist economies was that there should be a rapid transition to a free market economy...
