The New Development Economics

Much is currently being made of the World Bank's apparent retreat from the neoliberal market economics of the Washington Consensus. New concepts and priorities like social capital and governance have been taken on board alongside the continuing pressures on developing countries for deregulation, privatization, free trade and so on. But how much has really changed? In what ways has the so-called post-Washington Consensus and its "New" Development Economics really parted company with the overly simplistic nostrums of the still dominant market economics? This important and thought-provoking volume makes clear for scholars, students and policymakers alike the most recent trends in theoretical argument and policy thinking within mainstream development economics.

Contents Preface 1. Introduction: The Economics of Development and the Development of Economics - Ben Fine 2. The New Development Economics - Ben Fine 3. From Washington to Post-Washington Consensus: Illusions of Development - Elisa Vanwaeyenberge 4.Kicking Away the Logic: Free trade is Neither the Question nor the Answer for Development - Sonali Deraniyagala and Ben Fine 5. New Growth Theory: More Problem than Solution - Ben Fine 6. Financial Programming and the IMF - Ben Fine 7. The Developmental State and the Political Economy of Development - Ben Fine 8. Analysis of Technology and Development: A Critical Review - Sonali Deraniyagala 9. Privatisation Theory and Practice: A Critical Analysis of Policy Evolution in the Development context - Kate Bayliss 10. From Washington to Post-Washington Consensus: The Triumph of Human Capital - Pauline Rose 11. Social Capital - John Harriss 12 Corruption and Governance - Mushtaq Khan 13. Agriculture and Development: Towards a Critique of the 'New Classical Development Economics' and of 'Neoclassical New-Populism' - Terence J. Byres 14. Development and Geography: current Debates in Historical Perspective - Hugh Goodacre 15. Pioneers of Economic History - Dimitris Milonakis Index