WITHER THE ‘WASHINGTON CONSENSUS’, THE ‘DEVELOPMENTAL STATE’ AND THE ‘SEATTLE PROTESTS’: CAN ‘MANAGED FREE TRADE AND INVESTMENT’ BECOME AN ALTERNATIVE DEVELOPMENT MODEL?
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| Format: | Artículo científico |
| Langue: | en |
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Universidad Nacional Autónoma de México
2002
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| author | Grahame Thompson |
| author_facet | Grahame Thompson |
| contents | WITHER THE ‘WASHINGTON CONSENSUS’, THE ‘DEVELOPMENTAL STATE’ AND THE ‘SEATTLE PROTESTS’: CAN ‘MANAGED FREE TRADE AND INVESTMENT’ BECOME AN ALTERNATIVE DEVELOPMENT MODEL? Grahame Thompson Economía y Finanzas neo anti developmental state ‘managed free trade’ models of development This article explores the possibility of a different development model to those that have typified the debate about economic development in the last thirty to forty years. What has come to be known as the ‘Washington Consensus’, involving neo-liberal de-regulation, privatization, and liberalization. Equally, the major alternative to this policy programme, that of the ‘Developmental State’ approach, has had its own obvious successes. In addition, there has always been a radical alternative to both of these which has stressed a range of oppositional policies and critical engagements with the ‘orthodoxy’, whether that be market-led or state-led development. This can be characterised in the contemporary period as the anti-globalization sentiments of the ‘Seattle and Genoa protestors’. This is a rather disparate amalgam of disaffected groups and interests, but one whose main policy outcome would be a new ‘protectionism’ of some kind, it is suggested. Thus, it is argued, the challenge is to find an alternative easily understood, viable, sustainable and attractive development model to suit the present circumstances of that international system. The author’s suggestion is that the seeming oxymoron – ‘managed free trade and investment in the interests of economic development’ — could provide a basis for thinking about this alternative. The second part of the article outlines what the characteristics of this alternative approach might be. 2002 otro 0301-7036 https://www.redalyc.org/articulo.oa?id=11876987007 en http://www.redalyc.org/revista.oa?id=118 Problemas del Desarrollo. Revista Latinoamericana de Economía application/pdf Universidad Nacional Autónoma de México Problemas del Desarrollo. Revista Latinoamericana de Economía (México) Num.131 Vol.34 |
| format | Artículo científico |
| id | redalyc_11876987007 |
| institution | Redalyc |
| language | en |
| publishDate | 2002 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | WITHER THE ‘WASHINGTON CONSENSUS’, THE ‘DEVELOPMENTAL STATE’ AND THE ‘SEATTLE PROTESTS’: CAN ‘MANAGED FREE TRADE AND INVESTMENT’ BECOME AN ALTERNATIVE DEVELOPMENT MODEL? Grahame Thompson Economía y Finanzas neo anti developmental state ‘managed free trade’ models of development WITHER THE ‘WASHINGTON CONSENSUS’, THE ‘DEVELOPMENTAL STATE’ AND THE ‘SEATTLE PROTESTS’: CAN ‘MANAGED FREE TRADE AND INVESTMENT’ BECOME AN ALTERNATIVE DEVELOPMENT MODEL? Grahame Thompson Economía y Finanzas neo anti developmental state ‘managed free trade’ models of development This article explores the possibility of a different development model to those that have typified the debate about economic development in the last thirty to forty years. What has come to be known as the ‘Washington Consensus’, involving neo-liberal de-regulation, privatization, and liberalization. Equally, the major alternative to this policy programme, that of the ‘Developmental State’ approach, has had its own obvious successes. In addition, there has always been a radical alternative to both of these which has stressed a range of oppositional policies and critical engagements with the ‘orthodoxy’, whether that be market-led or state-led development. This can be characterised in the contemporary period as the anti-globalization sentiments of the ‘Seattle and Genoa protestors’. This is a rather disparate amalgam of disaffected groups and interests, but one whose main policy outcome would be a new ‘protectionism’ of some kind, it is suggested. Thus, it is argued, the challenge is to find an alternative easily understood, viable, sustainable and attractive development model to suit the present circumstances of that international system. The author’s suggestion is that the seeming oxymoron – ‘managed free trade and investment in the interests of economic development’ — could provide a basis for thinking about this alternative. The second part of the article outlines what the characteristics of this alternative approach might be. 2002 otro 0301-7036 https://www.redalyc.org/articulo.oa?id=11876987007 en http://www.redalyc.org/revista.oa?id=118 Problemas del Desarrollo. Revista Latinoamericana de Economía application/pdf Universidad Nacional Autónoma de México Problemas del Desarrollo. Revista Latinoamericana de Economía (México) Num.131 Vol.34 |
| title | WITHER THE ‘WASHINGTON CONSENSUS’, THE ‘DEVELOPMENTAL STATE’ AND THE ‘SEATTLE PROTESTS’: CAN ‘MANAGED FREE TRADE AND INVESTMENT’ BECOME AN ALTERNATIVE DEVELOPMENT MODEL? |
| topic | Economía y Finanzas neo anti developmental state ‘managed free trade’ models of development |
| url | https://www.redalyc.org/articulo.oa?id=11876987007 |