Synopsis
The purpose of this book is to re-examine major issues in contemporary development economics. Much is currently being made of the World Bank‘s apparent retreat from the neoliberal market economics of the Washington Consensus. New concepts and priorities like social capital and governance have been taken on board alongside the continuing pressures on developing countries for deregulation, privatization, free trade and so on. But how much has really changed? In what ways has the so-called post-Washington Consensus and its ‘New‘ Development Economics really parted company with the overly simplistic nostrums of the still dominant market economics? This important and thought-provoking volume makes clear for scholars, students and policymakers alike the most recent trends in theoretical argument and policy thinking within mainstream development economics.
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About the Author
Jomo K. S. (PhD, Harvard, 1978) is Professor in the Applied Economics Department, University of Malaya, Kuala Lumpur, Malaysia. His major book publications include A Question of Class, Growth and Structural Change in the Malaysian Economy, Southeast Asia's Misunderstood Miracle (with others) and Malaysia's Political Economy (with E. T. Gomez). Chang and Khoo are experienced Malaysian researchers,while the other contributors to the volume are all based in Malaysia.
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