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Some of the world's most prominent development thinkers address the following question in this volume: to what extent are the rules and economic forces that govern the global economy shrinking the 'policy space' that developing countries can draw from in order to construct policies to raise the standards of living of their people? They then analyse the possibly considerable room for manoeuvre that developing countries still have at their disposal despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. Finally, the authors suggest actual policies that could be put in place in order to preserve existing spaces for development and to expand the tools developing countries can deploy.
Kevin P. Gallagher is Professor of Global Development Policy at Boston University.
1: Globalization and the Nation State: Reasserting Policy Autonomy For Development - Kevin P. Gallagher2: Development Policies in a World of Globalization - Joseph Stiglitz3: Rethinking Industrial Strategy: The Role of the State - Sanjaya Lall4: Toward the Optimum Degree of Openness - Amit Bhaduri5: What Strategies are Viable for Developing Countries Today? The WTO and the Shrinking of Development Space - Robert Wade6: Kicking Away the Ladder: "Good Policies" and "Good Institutions" in Historical Perspective - Ha-Joon Chang7: The TRIPS Agreement and the Transfer of Technology - Carlos Correa8: Will Investment Rules Shrink Policy Space for Sustainable Development? Evidence from the Electricity Sector - Albert Cho and Navroz Dubash9: Performance Requirements: Still Available for Development Policy - Nagesh Kumar10: Neo-liberalism as Opportunity: Constraint and Innovation in Contemporary Development Strategy- Peter Evans11: Promoting Industry under WTO Law - Alice Amsden12: Elements for a New Paradigm on Special and Differential Treatment: Special and Differential Treatment, The Multilateral Trading System and Economic Development in the 21st Century - Ajit Singh
'The book is able to provide a thorough theoreotical and empirical analysis of how attempts to increase developing countries' openness may impinge on their domestic policy space, impairing their ability to be able to adopt effective policies for their development. It should be able to guide policy and decision-makers in the right direction.' - Neha Batura, Economic and Political Weekly