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Putting Development First
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This book examines how far the economic forces and rules that govern the global economy are shrinking the 'policy space' available to developing countries in constructing policies to raise living standards. The contributors analyse what room for manoeuvre developing countries still have, despite global macro-economic realities, IMF/World Bank policies, and the trade rules regime of the World Trade Organization. They suggest the policies that could be put in place to strengthen developing countries. Their proposals illustrate the failure of orthodox economic policy to either deliver growth or reduce poverty, and the weakening of democratic institutions and popular sovereignty under the pressures of globalization.
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