The New Development Economics
Post Washington Consensus Neoliberal Thinking
Published on 1. September 2005
Book
Paperback/Softback
320 pages
978-1-84277-643-8 (ISBN)
Description
An original and thought-provoking critique of the post-Washington Consensus in neoliberal economics
- A clear presentation of current trends in theory and policy within mainstream development economics
- Aimed at academics and postgraduates, and policy-makers, in development economics
Much is being made of the World Bank's apparent retreat from the neoliberal market economics of the Washington Consensus. Dissidents such as former World Bank chief economist Joseph Stiglitz have been trenchant in their criticisms. New concepts and priorities have been taken on board. But how much has really changed? Has the so-called post-Washington Consensus and its 'New' Development Economics really parted company with the simplistic nostrums of market economics? This book probes the transition to the new thinking and its key postulates; the continuing promotion of free trade; new economic growth theory; its analysis of technology and development; access to capital and financial planning; the development state; privatisation policy; the concept of human capital; and the approach to agriculture and development.
CONTENTS
Preface - Jomo K.S.
1. Introduction - Ben Fine
2. The New Development Economics - Ben Fine
3. Washington Consensus and Aid - Elisa Vanwaeyenberge
4.Trade Liberalisation - Sonali Deraniyagala and Ben Fine
5. Growth Theory - Ben Fine
6. IMF Financial Programming - Ben Fine
7. Developmental State - Ben Fine
8. Technology and Development - Sonali Deraniyagala
9. Privatisation - Kate Bayliss
10. Human Capital - Pauline Rose
11. Social Capital - John Harriss
12 Corruption and Governance - Mushtaq Khan
13. Peasant Agriculture - Terence J. Byres
14. Economic Geography - Hugh Goodacre
15. Economic History - Dimitris Milonakis
- A clear presentation of current trends in theory and policy within mainstream development economics
- Aimed at academics and postgraduates, and policy-makers, in development economics
Much is being made of the World Bank's apparent retreat from the neoliberal market economics of the Washington Consensus. Dissidents such as former World Bank chief economist Joseph Stiglitz have been trenchant in their criticisms. New concepts and priorities have been taken on board. But how much has really changed? Has the so-called post-Washington Consensus and its 'New' Development Economics really parted company with the simplistic nostrums of market economics? This book probes the transition to the new thinking and its key postulates; the continuing promotion of free trade; new economic growth theory; its analysis of technology and development; access to capital and financial planning; the development state; privatisation policy; the concept of human capital; and the approach to agriculture and development.
CONTENTS
Preface - Jomo K.S.
1. Introduction - Ben Fine
2. The New Development Economics - Ben Fine
3. Washington Consensus and Aid - Elisa Vanwaeyenberge
4.Trade Liberalisation - Sonali Deraniyagala and Ben Fine
5. Growth Theory - Ben Fine
6. IMF Financial Programming - Ben Fine
7. Developmental State - Ben Fine
8. Technology and Development - Sonali Deraniyagala
9. Privatisation - Kate Bayliss
10. Human Capital - Pauline Rose
11. Social Capital - John Harriss
12 Corruption and Governance - Mushtaq Khan
13. Peasant Agriculture - Terence J. Byres
14. Economic Geography - Hugh Goodacre
15. Economic History - Dimitris Milonakis
More details
Language
English
Place of publication
United Kingdom
Target group
Professional and scholarly
ISBN-13
978-1-84277-643-8 (9781842776438)
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Schweitzer Classification
Persons
BEN FINE is professor of economics at the School of Oriental and African Studies, University of London. Recent books include Social Capital versus Social Theory (Routledge, 2001). JOMO K. S. is head of economic development at the Department of Social and Economic Affairs (DESA), United Nations. He was previously professor in applied economics at the University of Malaya. The CONTRIBUTORS are academics from both North and South. They include TERRY BYRES and JOHN HARRISS.