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Escape from Empire - The Developing World's Journey through Heaven and Hell (Paperback)
Loot Price: R235
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Escape from Empire - The Developing World's Journey through Heaven and Hell (Paperback)
Series: Escape from Empire
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List price R263
Loot Price R235
Discovery Miles 2 350
You Save R28 (11%)
Expected dispatch within 7 - 13 working days.
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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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