Front cover -- critique influence change -- About the authors -- Title -- Copyright -- Contents -- Acknowledgements -- List of Abbreviations -- Foreword by Robert H. Wade -- The neoclassical paradigm -- The occlusion of power and class -- Finance as 'oil in the engine' -- The maxi-max basis of neoclassical policy prescription -- The art of paradigm maintenance -- Reclaiming development -- Notes -- Preface to the critique influence change edition -- Notes -- Introduction: Reclaiming Development -- Note -- Part I Myths and Realities about Development -- 1 Myth 1 'Today's wealthy countries achieved success through a steadfast commitment to the free market' -- 1.1 The Myth -- 1.2 The Myth Explored -- 1.3 The Myth Rejected -- Notes -- 2 Myth 2 'Neoliberalism works' -- 2.1 The Myth -- 2.2 The Myth Explored -- 2.3 The Myth Rejected -- Notes -- 3 Myth 3 'Neoliberal globalization cannot and should not be stopped' -- 3.1 The Myth -- 3.2 The Myth Explored -- 3.3 The Myth Rejected -- Notes -- 4 Myth 4 'The neoliberal American model of capitalism represents the ideal that all developing countries should seek to replicate' -- 4.1 The Myth -- 4.2 The Myth Explored -- 4.3 The Myth Rejected -- Notes -- 5 Myth 5 'The East Asian model is idiosyncratic -- the Anglo-American model is universal' -- 5.1 The Myth -- 5.2 The Myth Explored -- 5.3 The Myth Rejected -- Notes -- 6 Myth 6 'Developing countries need the discipline provided by international institutions and by politically independent domestic policymaking institutions' -- 6.1 The Myth -- 6.2 The Myth Explored -- 6.3 The Myth Rejected -- Part II Economic Policy Alternatives -- 7 Policy Alternatives 1 Trade and Industry -- 7.1 Trade Policy -- 7.2 Industrial Policy -- Notes -- 8 Policy Alternatives 2 Privatization and Intellectual Property Rights -- 8.1 Privatization -- 8.2 Intellectual Property Rights -- Notes.

9 Policy Alternatives 3 International Private Capital Flows -- 9.1 General Analysis -- 9.2 Foreign Bank Borrowing -- 9.3 Portfolio Investment -- 9.4 Foreign Direct Investment -- Notes -- 10 Policy Alternatives 4 Domestic Financial Regulation -- 11 Policy Alternatives 5 Macroeconomic Policies and Institutions -- 11.1 Exchange Rate and Currency Policies -- 11.2 Central Banking and Monetary Policy -- 11.3 Fiscal Policy -- Notes -- Conclusion: Obstacles and Opportunities for Reclaiming Development -- References -- Recommended Further Reading -- Index -- Back cover.