Rethinking Development Economics

Ha-Joon Chang has taught at the Faculty of Economics and Politics, University of Cambridge, since 1990.

'Impressive...provides a very good compendium of what are usually classified as "heterodox" development economics...an excellent volume.' —'Journal of International Development'

• Contributors in this Volume; Introduction; PART I. Overviews: 1. Changing Perspectives in Development Economics; 2. The Market, the State and Institutions in Economic Development; Globalization and Development; 4. Development and the Global Order; PART II. Development Experiences: 5. The East Asian Development Experience; 6. The Latin American Economies During the Second Half of the Twentieth Century - from the Age og 'ISI' to the Age of 'The End of History'; 7. Rethinking African Development; 8. Transition Economies; PART III. Structural and Sectoral Issues: 9. New Growth Theory; 10. Structural Change and Development: The Relative Roles of Effective Demand and the Price Mechanism in a 'Dual' Economy; 11. Agriculture and Development: The Dominant Orthodoxy; PART IV. Trade, Industry and Technology: 12. Trade and Industrial Policy Issues; 13. Technology and Industrial Development in an Era of Globalization; 14. Industrial Policy in the Early 21st Century: The Challenge of the Global Business Revolution; PART V. Financial Markets and Corporate Governance: 15. International Private Capital FLows and Developing Countries; 16. The 'Three Routes' to Financial Crisis: Chile, Mexico and Argentina [1]; Brazil  [2]; and Korea, Malaysia and Thailand [3]; 17. The New International Financial Architecture, Corporate Governance and Competition in Emerging Markets: Empirical Anomalies and Policy Issues; PART VI. Poverty and Inequality: 18. Rural Poverty and Gender: Analytical Frameworks and Policy Proposals; 19. Globalization and the Distribution of Income between and within Countries; 20. Increasing Poverty in a Globalized World: Marshall Plans and Morgenthau Plans as Mechanisms of Polarization of World Incomes; PART VII. Institutions and Governance: 21. On Understanding Markets as Social and Political institutions in Developing Economies; 22. Institutions and Economic Development in Historical Perspective; 23. Globalization, Global Governance and the Dilemmas of Development