This article examines the three most contentious issues regarding the origins of and the solutions to the current Korean crisis--namely, financial liberalization, industrial policy, and corporate governance. The authors argue that it was the dismantling of the traditional mechanisms of...

This paper discusses how the theory on the role of institutions in development can be improved, by critically examining the current orthodox discourse on institutions. To understand the relationship between institutions and economic development, it is necessary to have some balance between...

This paper summarizes our new book, Reclaiming Development: An Alternative Economic Policy Manual (Chang and Grabel, 2004). It begins from the premise that the view that there is no alternative to neoliberal economic policies in developing countries is fundamentally and dangerously incorrect....

In this fascinating history of economic development, the author shows that, contrary to popular myth, the early development of both Britain and the United States depended on protective tariffs to a significant degree. Why is this history so widely ignored? asks the author.

The author says that plans to reduce industrial tariffs during the next round of World Trade Organization talks have greater consequences than plans to reduce agricultural trade restrictions. Do the developing nations fully understand what they are giving up? This development specialist says...

This United Nations Policy Note on State-Owned Enterprise Reform provides practical guidance on alternative policies to reform SOEs and manage natural resource rents. This Policy Note has been developed in cooperation with UN agencies, and has been officially reviewed by distinguished academics/...

This article introduces a new dimension in the debate on infant industry promotion by pointing out that, historically, the developed countries themselves did not develop on the basis of free trade policy and laissez-faire industrial policy that they currently recommend to, or even force upon,...