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Synopsis
“There is no alternative to neo-liberal economics, Americanization and globalization” remains the driving assumption within the international development policy establishment. Ha-Joon Chang and Ilene Grabel question the validity of this assertion by combining data, a devastating economic logic and an analysis of the historical experiences of leading Western and East Asian economies. They also include practical alternatives in key areas: trade and industrial policy; privatization; intellectual property rights; external borrowing; investment; financial regulation; exchange rates, monetary policy, government revenue and expenditure.
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