The changes in the global economy are so profound, this book argues, that the world is now confronted with nothing less - in both institutional and policy terms - than a new political economy of development. The author provides an intellectually commanding survey of this new terrain. He subjects its economic and ideological assumptions to trenchant critique and shows how the rules of the game primarily reflect the interests of the rich and powerful countries of the North. He also surveys the economic performance of the various regions of the South and explores the real reasons for the success of certain Asian economies (reasons which run counter to so many of the policy prescriptions laid down by the West for the rest of the South).

This title was first published in 2003. Hammouda's text focuses on modernization experiences in the South which, in the 80s had reached their limits, with the adoption of structural adjustment programmes in most countries. Yet, such Washington Consensus inspired programmes met difficulties in initiating new growth dynamics in these countries and in improving their international insertion. Hence, a new era termed post-adjustment by the author has been ushered in, one which is characterized by a decline of structural adjustment programmes and through dynamic and plural research, is striving to introduce new theoretical practices and development strategies. This book is a contribution to such debate.

Focusing on Africa, Latin America and Asia, examines the origins, impacts and alternatives to the structural adjsutment programmes.

Development’s current focus – poverty reduction and good governance – signals a turn away from the older neoliberal preoccupation with structural adjustment, privatization and downsizing the state. For some, the new emphases on empowering and securing the poor through basic service delivery, local partnership, decentralization and institution building constitute a decisive break with the past and a whole set of new development possibilities beyond neoliberalism. Taking a wider historical perspective, this book charts the emergence of poverty reduction and governance at the centre of development. It shows that the Poverty Reduction paradigm does indeed mark a shift in the wider liberal project that has underpinned development: precisely what is new, and what this means for how the poor are governed, are described here in detail. This book provides a compelling history of development doctrine and practice, and in particular offers the first comprehensive account of the last twenty years, and development’s shift towards a new political economy of institution building, decentralized governance and local partnerships. The story is illustrated with extensive case studies from first hand experience in Vietnam, Uganda, Pakistan and New Zealand.

Confronts the theory of conditionality with its limitations in practice, analyses the reasons for these limitations, and suggests constructive alternatives.

"Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change

Loxley examines the impact of globalization on different countries and regions. Changing patterns of trade, industrialization, debt, aid and other financial flows are analysed as is the debate about structural adjustment programs. Four recent developments likely to have major implications for North-South relations are identified; efforts to reduce the US deficit; the emergence of regional trading blocs; the implementation of the Uruguay Round of GATT; and the collapse of the Soviet Union. Finally, the likely impact on North-South relations of pursuing alternative paradigms to economic growth is examined.

The second edition of International Political Economy and Globalization is completely revised and updated to include new material on trade, monetary, and environmental issues. It provides a comprehensive treatment of major developments in the global economy and is suitable for adoption as a primer in undergraduate courses in international political economy. The author takes a stand that is supportive of globalization in principle, while acknowledging that there are many areas of inequity that disadvantage developing countries. This is explored in chapters that deal with trade, debt crises, and the environment. Students will find that the material is presented in a readable format that does not presuppose prior familiarity with economics.

This excellent book, newly available in paperback, addresses the growing dissatisfaction with the neo-liberal post-Washington consensus. The concern of the contributors in writing this collection was that this consensus has established itself as a new orthodoxy, more powerful and widespread than its predecessor. This broad-ranging critique explains that without a much broader political economy the consensus is unlikely to provide a coherent framework for successful development policies. Development Policy in the 21st Century is unique in its depth and assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate the reader's understanding of this important area, and is required reading for any student, academic or interested reader that wishes to understand one of the most important issues in international economics.

This highly successful text has been updated and revised to take account of new developments in international political economy, notably the East Asian crisis, and the deepening crisis of African society. It also addresses recent forms of international 'management of instability' that are beginning to emerge as contemporary forms of imperialist globalism. At the same time, more attention is paid to the gathering 'mosquito cloud' of local resistance movements around the world.