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The new development economics: after the Washington consensus

Contributor(s): Jomo, K. S [Editor] | Fine, Ben [Editor].
Material type: materialTypeLabelBookPublisher: New Delhi Tulika Books 2006Description: xxiv, 304 p.ISBN: 1842776428.Subject(s): Development economics | Economic GrowthDDC classification: 338.9 Summary: Development economics emerged in the 1950s and during its first quarter century, evolved in the context of both the Cold War and decolonization. The ascendant of free market conservatism in the west in the early 1980s was followed by the consolidation of the counter-revolution against the 'old' development economics, together with a corresponding promotion of neoliberal economic policies that came to be known as the Washington Consensus. Over the last decade or more, reaction against the Washington Consensus has gathered momentum, pioneered within mainstream economics by those who emphasize institutions and market imperfections, as opposed to the virtues of the market. The chapters in this book provide expert and critical, but readable and up-to-date, expositions of this 'new' development economics.
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Development economics emerged in the 1950s and during its first quarter century, evolved in the context of both the Cold War and decolonization. The ascendant of free market conservatism in the west in the early 1980s was followed by the consolidation of the counter-revolution against the 'old' development economics, together with a corresponding promotion of neoliberal economic policies that came to be known as the Washington Consensus. Over the last decade or more, reaction against the Washington Consensus has gathered momentum, pioneered within mainstream economics by those who emphasize institutions and market imperfections, as opposed to the virtues of the market. The chapters in this book provide expert and critical, but readable and up-to-date, expositions of this 'new' development economics.

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