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Book Synopsis
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 financi

Escape from Empire The Developing Worlds Journey through Heaven and Hell The MIT Press

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    A Paperback by Alice H. Amsden

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      View other formats and editions of Escape from Empire The Developing Worlds Journey through Heaven and Hell The MIT Press by Alice H. Amsden

      Publisher: MIT Press
      Publication Date: 9/18/2009 12:00:00 AM
      ISBN13: 9780262513159, 978-0262513159
      ISBN10: 0262513153
      Also in:
      Development economics Economic history

      Description

      Book Synopsis
      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 financi

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