A provocative view of economic growth in the Third World argues that
the countries that have achieved steady economic growth—including
future economic superpowers India and China—have done so because
they have resisted the American ideology of free markets. The American
government has been both miracle worker and villain in the developing
world. From the end of World War II until the 1980s poor countries,
including many in Africa and the Middle East, enjoyed a modicum of
economic growth. New industries mushroomed and skilled jobs
multiplied, thanks in part to flexible American policies that showed
an awareness of the diversity of Third World countries and an
appreciation for their long-standing knowledge about how their own
economies worked. Then during the Reagan era, American policy changed.
The definition of laissez-faire shifted from "Do it your way," to an
imperial "Do it our way." Growth in the developing world slowed,
income inequalities skyrocketed, and financial crises raged. Only East
Asian economies resisted the strict prescriptions of Washington and
continued to boom. Why? In Escape from Empire, Alice Amsden argues
provocatively that the more freedom a developing country has to
determine its own policies, the faster its economy will grow.
America's recent inflexibility—as it has single-mindedly imposed the
same rules, laws, and institutions on all developing economies under
its influence—has been the backdrop to the rise of two new giants,
China and India, who have built economic power in their own way.
Amsden describes the two eras in America's relationship with the
developing world as "Heaven" and "Hell"—a beneficent and politically
savvy empire followed by a dictatorial, ideology-driven one. What will
the next American empire learn from the failure of the last? Amsden
argues convincingly that the world—and the United States—will be
infinitely better off if new centers of power are met with sensible
policies rather than hard-knuckled ideologies. But, she asks, can it
be done?
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The Developing World's Journey through Heaven and Hell
Produktdetaljer
ISBN
9780262261494
Publisert
2016
Utgiver
Random House Publishing Services
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter