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THE STATE, MARKETS AND DEVELOPMENT

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THE STATE, MARKETS AND DEVELOPMENT

Beyond the Neoclassical Dichotomy

9781852789299 Edward Elgar Publishing
Edited by Amitava Krishna Dutt, Professor, Department of Economics and Faculty Fellow, University of Notre Dame, Kwan S. Kim, Professor of Economics, and Faculty Fellow, Kellogg Institute for International Studies, University of Notre Dame, US and Ajit Singh, Senior Fellow, Queen’s College, Cambridge, UK
Publication Date: 1994 ISBN: 978 1 85278 929 9 Extent: 240 pp
Markets and the state are usually seen as opposed to each other as instruments of economic development. This important new book attempts to go beyond the state–market debate, which it sees as largely the intellectual legacy of neoclassical economics, and the related pendulum swings of opinion favouring one against the other.

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Markets and the state are usually seen as opposed to each other as instruments of economic development. This important new book attempts to go beyond the state-market debate, which it sees as largely the intellectual legacy of neoclassical economics, and the related pendulum swings of opinion favouring one against the other.

Arguing that development can be hindered and fostered by both the state and markets, the contributing authors suggest that the real challenge is not to choose between them but to find ways in which their virtues can be utilized jointly to further the goals of development. The first part provides some general perspectives which critically analyse mainstream neoclassical views on states and markets while also providing some alternative approaches. The contributors to the second part examine state-market interaction in Latin America, South Korea and India.
Critical Acclaim
‘Overall this volume is extremely interesting, well referenced and an excellent read for students and specialists in the area of economics and politics.’
– Barbara Evers, The Manchester School

‘. . . excellent collection of papers. . . . The book’s well-written chapters offer a refreshing and persuasive account of the complicated interplay between the state and market in the development process. It should be read by anyone interested in development issues today.’
– Social Development Issues
Contents
Contents: 1. The State, Markets and Development (The Editors) 2. International Competitiveness: the State and the Market (I.U. Haque) 3. State Intervention and the ‘Market-Friendly’ Approach to Development: a Critical Analysis of the World Bank Theses (A. Singh) 4. Public Enterprises, Private Enterprises and the State: Prospects under Post-Socialism (L. Taylor) 5. Sisyphus among the Neoliberals: on Privatization and Rolling back the Latin American State (D. Felix) 6. Market Reform and the Changing Role of the State in Mexico: a Historical Perspective (J.C. Moreno and J. Ros) 7. The Public–Private Interface: Brazil’s Business–Government Relations in Historical Perspective, 1950–90 (H. Shapiro) 8. Market Miracle and State Stagnation? The Development Experience of South Korea and India Compared (A.K. Dutt and K.S. Kim)
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