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by Ha-Joon Chang and Ilene Grabel

The driving assumption within the international development policy establishment is that 'there is no alternative' to neo-liberal economics and globalisation. In 'Reclaiming Development' Ha-Joon Chang and Ilene Grabel explain what this dominant school says about how economies develop and the economic policies it imposes worldwide. By analysing the actual historical experiences of the leading Western and East Asian economies during their development, the authors question the validity of the neo-liberal development model.