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On the Invasion of Neoliberalism into Development Thinking

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Abstract

It is perhaps not entirely surprising that economic realities of the colonies and ex-colonies in Asia, Africa, and Latin America hardly found a place in the discipline of economics at least until the end of the Second World War.

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Notes

  1. 1.

    Quoted in Yergin, D. and J. Stanislaw (1998), ‘Development Economics after World War II’ in Commanding Height: The Battle of the World Economy, New York: Touchstone.

  2. 2.

    Desai, M. (2002), Marx’s Revenge: Resurgence of Capitalism and the Death of Statist Socialism, London: Verso.

  3. 3.

    See Lewis, J.P. (1962), Quiet Crisis in India: Economic Development and American Policy, Bombay: Asia Publishing House.

  4. 4.

    Chang, H. (2002), ‘Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state’, Cambridge Journal of Economics, 26.

  5. 5.

    Worley, J.S. (1988), ‘Preface’, Economic Development and Cultural Change, 36(3), Supplement.

  6. 6.

    Wade, R. (1996), ‘Japan, the World Bank, and the Art of Paradigm Maintenance: The East Asian Miracle in Political Perspective’, New Left Review, 217:3-37; Stiglitz, J. (2002), Globalization and Its Discontents, New York: W.W. Norton and Company; Dreher, A., J. Sturm and J.R. Vreeland (2009), ‘Development Aid and International Politics: Does Membership on the UN Security Council Influence World Bank Decisions?’, Journal of Development Economics, 88(1); Van Waeyenberge, E. (2006), ‘From Washington to Post-Washington Consensus: Illusions of Development’, In: Fine, B. and K.S. Jomo (eds) (2006), The New Development Economics: After the Washington Consensus: New Delhi: Tulika; London: Zed Books.

  7. 7.

    Portes, A. (1997), ‘Neo-liberalism and the Sociology of Development: Emerging Trends and Unanticipated Facts’, Population and Development Review, 23(2), p. 254.

  8. 8.

    Woods, Ngaire (2006), The Globalizers: The IMF, the World Bank, and their Borrowers, New York:Cornell University Press, pp.33; see also Wade, R. (1996), ‘Japan, the World Bank, and the Art of Paradigm Maintenance: The East Asian Miracle in Political Perspective’, New Left Review, 217:3–37.

  9. 9.

    Yusuf, S. and others (2009), Development Economics Through the Decades, Washington D.C.: World Bank.

  10. 10.

    Fischer, S. and D. de Tray (1990), ‘Introduction’ In: World Bank (1990), Proceedings of the World Bank Conference on Development Economics, 1989, Washington: World Bank; p. 1.

  11. 11.

    Meier, Gerald and J. E. Rauch (2000), Leading Issues in Economic Development, New York: Oxford University Press, p. xvii.

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Correspondence to Arup Maharatna .

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Maharatna, A. (2013). On the Invasion of Neoliberalism into Development Thinking. In: India’s Perception, Society, and Development. Springer, India. https://doi.org/10.1007/978-81-322-1017-7_10

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