Abstract
This chapter examines the pro-poor (democratic) macroeconomic policy framework, and the scope for its deployment as a progressive alternative to Washington Consensus-type (mainstream, or neoliberal) policies. Despite their regressive outcomes, these mainstream economic policies have been implemented consistently in most Arab and developing countries during the last 30 years; alarmingly, their hegemony has escaped virtually unscathed even the ravages of the ongoing global economic crisis. The chapter also contributes to the development of the literature on pro-poor policies through the integration of recent heterodox works in the areas of industrial and social policy and democratic economic policymaking.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Agosín, M.R. and Tussie, D. (eds.) (1993) Trade and Growth: New Dilemmas in Trade Policy. London: Macmillan.
Amsden, A. (1997) ‘Bringing Production Back In: Understanding Government’s Economic Role in Late Industrialisation’, World Development, 25, pp. 469–480.
Amsden, A. (2001) The Rise of the Rest: Challenges to the West from Late Industrialising Economies. Oxford: Oxford University Press.
Bird, G. (2001) ‘IMF Programs: Do They Work? Can They Be Made to Work Better?’, World Development, 29, pp. 1849–1865.
Bracking S. (2004) ‘Neoclassical and Structural Analysis of Poverty: Winning the “Economic Kingdom” for the Poor’, Third World Quarterly, 25, pp. 887–901.
CGD (Commission on Growth and Development) (2008) The Growth Report: Strategies for Sustained Growth and Inclusive Development. Washington, DC: World Bank. Available at http://cgd.s3.amazonaws.com/GrowthReportComplete.pdf (accessed 13 June 2014)
Chang, H.J. (1994) The Political Economy of Industrial Policy. London: Macmillan.
Chang, H.J. (2002) Kicking Away the Ladder: Development Strategy in Historical Perspective. London: Anthem Press.
Chang, H.J. and Grabel, I. (2004) Reclaiming Development: An Alternative Economic Policy Manual. London: Zed Books.
Dagdeviren, H., van der Hoeven, R., and Weeks, J. (2002) ‘Poverty Reduction with Growth and Redistribution’, Development and Change, 33, pp. 383–413.
Epstein, G., Grabel, I., and Jomo K.S. (2003) Capital Management Techniques in Developing Countries: An Assessment of Experiences from the 1990s and Lessons for
the Future. G24 Discussion Paper. Available at http://policydialogue.org/files/publications/Capital_Mgmt_Epstein.pdf. (accessed 20 July 2014)
Fine, B. (2006) ‘The Developmental State and the Political Economy of Development’, in: K. Jomo and B. Fine (eds.) The New Development Economics: After the Washington Consensus. Delhi, Tulika and London: Zed Press.
Fine, B. and Saad-Filho, A. (2014) ‘Politics of Neoliberal Development: Washington Consensus and Post-Washington Consensus’, in: H. Weber (ed.) The Politics of Development: A Survey. London: Routledge.
Fine, B., Lapavitsas, C., and Pincus, J. (eds.) (2001) Development Policy in the Twenty-First Century: Beyond the Post-Washington Consensus. London: Routledge.
Gereffi, G. and Wyman, D.L. (eds.) (1990) Manufacturing Miracles: Paths of Industrialisation in Latin America and East Asia. Princeton, NJ: Princeton University Press.
Grabel, E. (2004) Trip Wires and Speed Bumps: Managing Financial Risks and Reducing the Potential for Financial Crises in Developing Economies. Available at http://unctad.org/en/Docs/gdsmdpbg2420049_en.pdf (accessed 20 July 2014)
Kakwani, N. (2001) Pro-Poor Growth and Policies. Manila: Asian Development Bank.
Kakwani, N. (2002) Pro-Poor Growth and Policies. UNDP Asia-Pacific Regional Programme on the Macroeconomics of Poverty Reduction, UNDP, Colombo, (accessed 2 March 2014)
Kakwani, N. and Pernia, E.M. (2000) ‘What is Pro-Poor Growth?’, Asian Develop-ment Review, 18, pp. 1–16.
Kakwani, N. and Son, H. (2001) On Pro-Poor Government Fiscal Policies: With Application to the Philippines. Manila: Asian Development Bank.
Kaplan, E. and Rodrik, D. (2001) Did the Malaysian Capital Controls Work? National Bureau of Economic Research (NBER) Working Paper 8142, Cambridge, MA.
Levine, R. (1997) ‘Financial Development and Economic Growth: Views and Agenda’, Journal of Economic Literature, 35, pp. 688–726.
McKinley, T. (2001) ‘Introduction’, in: T. McKinley (ed.) Macroeconomic Policy, Growth and Poverty Reduction. London: Palgrave.
McKinley, T. (2003) The Macroeconomics of Poverty Reduction: Initial Findings of the UNDP Asia-Pacific Regional Programme. New York: UNDP.
McKinley, T. (2009) Revisiting the Dynamics of Growth, Inequality and Poverty Reduction. Centre for Development Policy and Research, SOAS, Discussion Paper 25/09, London.
Osmani, S.R. (2001) Growth Strategies and Poverty Reduction. Asia and Pacific Forum on Poverty: Reforming Policies and Institutions for Poverty Reduction. Manila: Asian Development Bank.
Palanivel, T. (2003) Report of the Regional Workshop on Macroeconomics of Poverty Reduction, United Nations Development Program, NY.
Pasha, H.A. and Palanivel, T. (2004) Pro-Poor Growth and Policies: The Asian Experience. New York: UNDP.
Rodrik, D. (2006) ‘Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank’s “Economic Growth in the 1990s: Learning from a Decade of Reform” ’, Journal of Economic Literature, 44, pp. 973–987.
Roy, R. and Weeks, J. (2003) Thematic Summary Report: Fiscal Policy. UNDP Asia-Pacific Regional Programme on the Macroeconomics of Poverty Reduction.
Saad-Filho, A. (2007) ‘There is Life beyond the Washington Consensus: An Introduction to Pro-Poor Macroeconomic Policies’, Review of Political Economy 19(4), pp. 513–537.
Saad-Filho, A. (2011) ‘Growth, Poverty and Inequality: Policies and Debates from the (Post-)Washington Consensus to Inclusive Growth’, Indian Journal of Human Development, 5(2), pp. 321–344.
Saad-Filho, A. and Yalman, G. (eds.) (2010) Economic Transitions to Neoliberalism in the Middle-Income Countries. London: Routledge.
Sengupta, A. (2004) ‘The Human Right to Development’, Oxford Development Studies, 32, pp. 179–203.
Sikorski, T. (1996) Financial Liberalisation in Developing Countries. Cheltenham: Edward Elgar.
Stiglitz, J. (1998) ‘More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus’, WIDER Annual Lecture 2. Available at https://www.google.de/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCIQFjAA&url=http%3A%2F%2Fwww.wider.unu.edu%2Fevents%2Fannual-lecture%2Fen_GB%2F1998%2F_files%2F84783458856665120%2Fdefault%2Fannual-lecture-1998.pdf&ei=3hB2VfLODaTNygPYioLwCA&usg=AFQjCNGSYGtZZtqg-LaYU1C4nE0-95rQ-w&sig2=liREDqr5ZASsJAH-7y3MUQ&bvm=bv.95039771,d.bGQ.
Studart, R. (2005) ‘The State, the Markets and Development Financing’, Cepal Review, 85, pp. 19–32.
Taylor, L. (1988) Varieties of Stabilisation Experience. Oxford: Clarendon Press.
Thirlwall, A.P. (2003) Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries. Cheltenham: Edward Elgar.
UNCTAD (United Nations Conference on Trade and Development) (2000) The Least Developed Countries Report. New York: United Nations.
UNCTAD (United Nations Conference on Trade and Development) (2002) From Adjustment to Poverty Reduction: What is New? Available at http://www.unctad.org/Templates/webflyer.asp?docid=2764andintItemID=2872andlang=1 (accessed 7 April 2014)
UNCTAD (United Nations Conference on Trade and Development) (2012) Trade and Development Report. New York and Geneva: UNCTAD.
UNDP (United Nations Development Programme) (2002) The Role of Economic Policies in Poverty Reduction. New York: UNDP.
Vandemoortele, J. (2004) Can the MDGs Foster a New Partnership for Pro-Poor Policies? UNDP Asia-Pacific Regional Programme on the Macroeconomics of Poverty Reduction.
Waeyenberge, E. van (2006) ‘From Washington to Post-Washington Consensus: Illusions of Development’, in: K.S. Jomo and B. Fine (eds.) The New Development Economics after the Washington Consensus. London: Zed Books.
Weeks, J., Huy, V.Q., Roy, R., Schmidt, R., and Thang, N. (2002) On the Macroeconomics of Poverty Reduction Case Study of Viet Nam: Seeking Equity within Growth. Centre for Development Policy and Research, SOAS, Discussion Paper 2102, London.
Weller, C.E. and Hersh, A. (2004) ‘The Long and Short of It: Global Liberalisation and the Incomes of the Poor’, Journal of Post Keynesian Economics, 26, pp. 471–504.
Wignaraja, P., Sirivardana, S., and Hussain, A. (eds.) (2009) Economic Democracy through Pro-Poor Growth. London: Sage Publications Ltd.
Winters, L.A. (2002) ‘Trade Policies for Poverty Alleviation’, in: B. Hoekman, A. Mattoo and P. English (eds.) Development, Trade, and the WTO. Washington, DC: The World Bank.
World Bank (2005) Economic Growth in the 1990s: Learning from a Decade of Reform. Washington, DC: World Bank.
World Bank (2006) World Development Report: Equity and Development. World Bank. Available at http://siteresources.worldbank.org/INTWDR2006/Resources/WDR_on_Equity_FinalOutline _July_public.pdf.
World Bank (2009) What is Inclusive Growth? Available at http://siteresources.worldbank.org/INTDEBTDEPT/Resources/468980-1218567884549/WhatIsInclusiveGrowth20081230.pdf (accessed 7 April 2014)
Zysman, J. (1983) Governments, Markets, and Growth: Financial Systems and Politics of Industrial Change. Ithaca, NY: Cornell University Press.
Editor information
Editors and Affiliations
Copyright information
© 2016 Alfredo Saad-Filho
About this chapter
Cite this chapter
Saad-Filho, A. (2016). Transcending Neoliberalism through Pro-Poor and Democratic Economic Development Strategies. In: Kadri, A. (eds) Development Challenges and Solutions after the Arab Spring. Rethinking International Development Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137541406_5
Download citation
DOI: https://doi.org/10.1057/9781137541406_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55835-3
Online ISBN: 978-1-137-54140-6
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)