Development Redefined: How the Market Met Its Match

Book Info

  • Length: 160 pages
  • Trim size: 6" x 9"

More books in:

Request Exam Copy

Paperback

  • ISBN: 978-1-59451-523-1
  • Publish date: August 2008
  • List Price: $30.95
  • Your Price: $26.31

Hardcover

  • ISBN: 978-1-59451-522-4
  • Publish date: August 2008
  • List Price: $163.00
  • Your Price: $138.55

Description

Robin Broad and John Cavanagh dive into the middle of the central challenges of Third World development that have bedeviled academics and policymakers alike: what should be the goal of “development” and what are the best means to achieve it?

They do so by inviting readers on a journey through the rise and fall of the one-size-fits-all model of development that richer nations began imposing on poorer ones three decades ago. That model—called the “Washington Consensus” by its backers and “neoliberalism” or “market fundamentalism” by its critics—placed enormous power in markets to solve the problems of the poor. The book provides a key foundation for understanding how this model led to the current global economic meltdown, and why more trade and more aid are not the answer.

Broad and Cavanagh guide us through the raging debates over the best routes to development for the poorer nations of Africa, Asia, and Latin America. The authors have stood at the epicenter of these debates from their perches in the United Nations, the U.S. government, academia, and civil society. They lead us back in time to understand why the Washington Consensus dominated for so long, and how it devastated workers, the environment, and the poor. At the same time, they chart the rise of an “alter-globalization” movement of those adversely affected by market fundamentalism. Today, this movement is putting alternatives into action across the globe, and what constitutes development is being redefined.

As the authors present this dramatic confrontation of paradigms, they bring into question the entire conventional notion of “development,” and offer readers a new lens through which to view the way forward for poorer nations and poorer people.

This brief history of development provides the context to understand the contemporary global crises of finance, food, and climate.

Read an article on the World Bank by Robin Broad and John Cavanagh in the Modesto Bee at World Bank Article. Read a piece on Swear Off 'Market Fundamentalism' by the authors in the Seattle Post-Intelligencer.

Development Redefined was featured in an oped in The Guardian in the UK: Guardian oped


  • The book carries readers on a beautifully written “time travel” across thirty years and many countries to show how development looks at different times, in different places.
  • The authors have worked at the UN in Geneva, the U.S. Treasury Department, the World Health Organization, and in many other capacities directly relevant to development policy.
  • They challenge the “Washington Consensus” on trade and aid and show better models moving from local to national to regional to global levels.
  • Since the publication of this book, the authors have been frequent radio commentators on the financial and economic crises.
  • The book covers topics of general interest including economic globalization, global climate change and local environmental degradation.

Author Info

Robin Broad is Professor of International Development at the School of International Service at American University.

John Cavanagh directs the Institute for Policy Studies. This husband and wife team traveled from Geneva to the rural Philippines to Washington D.C., to write this book as well as their award-winning Plundering Paradise: The Struggle for the Environment in the Philippines.

Reviews

“A timely, thought-provoking work. Recommended."
CHOICE

Development Redefined offers an invaluable rethinking of development theory and practice by two of the world’s most respected scholars/citizens. Their experience, insight, knowledge, activist commitment, and engaging style make this book indispensable reading for anyone concerned with global economic justice and making the world a better place.”
Richard Falk, professor at Princeton University and the University of California—Santa Barbara, a prolific author in international studies

“The gripping story of the big lies, the sly co-optations and the backroom deals that disguised a fierce contest as a fake consensus. This is a people’s history of the rise of corporate rule and there could be no more trusted or surefooted guides than Robin Broad and John Cavanagh.”
Naomi Klein, author of The Shock Doctrine

“To end poverty, it is critical to understand its roots. Broad and Cavanagh dig deep to uncover the origins of poverty and they offer paths to a better future.... A terrific antidote to the popular misconceptions spread by Thomas Friedman and Jeffrey Sachs.”
Vandana Shiva, founder of the Research Foundation for Science, Technology, and Ecology in India, and author of numerous books, including Water Wars and Earth Democracy

“A hard-hitting chronicle of the rise and fall of the Washington Consensus, followed by a fascinating discussion of a dazzling array of alternatives to a failed doctrine. Authored by leading public scholars who played a role in the demise of neoliberalism, this book shows that scores of ideologically-driven World Bank and International Monetary Fund studies are no match for tough analysis combined with imaginative thinking.”
Walden Bello, award-winning author of over a dozen books on globalization and professor at the University of the Philippines

Contents

Development Redefined: A Time Line

Chapter 1: What is Development?

Chapter 2: The Washington Consensus Emerges

Chapter 3: The Citizen Backlash Erupts (with Walden Bello)

Chapter 4: Myths About the Environment Strengthen

Chapter 5: The North-South Divide Widens

Chapter 6: The Washington Consensus Cracks

Chapter 7: Post-9/11: Myths About Aid and Trade Resurface

Chapter 8: New Lenses on Development

Notes
Acknowledgments
Index
About the Authors

About Us | Contact | Order Information | Sales Reps | Employment