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Confronting Global Neoliberalism: Third World Resistance and Development Strategies
 ClarityPress.com
January 20, 2010
This collection is a tour de force, an effective counter to the neoliberal ideology of development. It addresses both the monstrous misallocation of global resources wrought by the so-called “Washington Consensus” and the suffering and destruction this has wreaked on third world peoples and economies.
Questioning potential pitfalls in the neoliberal policy package—which the third world (unlike Western Europe and Japan) was largely forced to adopt—has never been countenanced, whether by international institutions or by mainstream crisis discourse.
One third world state after another discovered that international institutions were in effect hostile to their governments if they chose alternative developmental models or otherwise resisted the neoliberal triage of liberalization, privatization and deregulation.
Nonetheless, alternative options for countering or working within globalization for domestic advantage are widely sought by governmentsand progressives—and increasingly so, in light of the current global crisis.
India, Mexico, Southeast Asia (Indonesia, Malaysia and Vietnam), South Africa, South Korea, Syria, Thailand and Venezuela shed light on both the failures of global neoliberalism and on the strategies some third world countries have developed to manage or resist it.
Contributors are experts in the fields of economics, politics, sociology and international studies, hailing from around the world.
ABOUT THE EDITOR: RICHARD WESTRA is Associate Professor at Pukyong National University, South Korea. He is author of Political Economy and Globalization (London: Routledge, 2009), and has published numerous articles in scholarly peer reviewed journals such as Review of Radical Political Economics andJournal of Contemporary Asia. He received his Ph.D. from the Department of Political Studies, Queen’s University, Canada, in 2001.
Visit the Clarity Press website at www.claritypress.com
TABLE OF CONTENTS
Notes on the Contributors
Preface and Acknowledgements
Introduction: Development Theory and Global Neoliberalism
Richard Westra
Part 1 BRIC and the Neoliberal “Emerging Market” Myth
Introduction to Part 1
Chapter 1 “Late Neoliberalism” in Brazil: Social and Economic Impacts of Trade and Financial Liberalization/Paul Cooney Seisdedos
Chapter 2 Neoliberalism in India: How an Elephant became a Tiger and Flew to the Moon/Ananya Mukherjee Reed
Chapter 3 Limits to China’s Capitalist Development: Economic Crisis, Class Struggle, and Peak Energy/Minqui Li
Part 2 Resistance and Alternatives to Global Neoliberalism
Introduction to Part 2
Chapter 4 Cuba: A Project to Build Socialism in a Neoliberal World/Al Campbell
Chapter 5 Venezuela’s Oil Based Development in the Chavez-Era/Gregory Wilpert
Chapter 6 African Resistance to Global Finance, Free Trade and Corporate Profit-Taking/Patrick Bond
Part 3 Miracles or Mirages under Global Neoliberalism
Introduction to Part 3
Chapter 7 Miracles and Crisis: Boom, Collapse and Recovery in East and Southeast Asia/John Weeks
Chapter 8 The Chimera of Prosperity in Post-IMF South Korea and the Gathering Alter-globalization Movement/ Seongjin Jeong and Richard Westra
Chapter 9 Consequences of Neoliberal Economic Globalization in Thailand/Ake Tangsupvattana
Chapter 10 A Comparative Study of Neoliberalism in Syria and Egypt/Angela Joya
Chapter 11 The Exhaustion of Neoliberalism in Mexico/Cliff DuRand
CONTRIBUTORS
Patrick Bond, a political economist, is research professor at the University of KwaZulu-Natal School of Development Studies where he directs the Centre for Civil Society (http://www.ukzn.ac.za/ccs). His training was in economic geography at Johns Hopkins University, finance at the University of Pennsylvania, and economics at Swarthmore College. Patrick’s recent authored and edited books include Climate Change, Carbon Trading and Civil Society (UKZN Press and Rozenberg Publishers, 2008); The Accumulation of Capital in Southern Africa (Rosa Luxemburg Foundation, 2007); Looting Africa: The Economics of Exploitation (Zed Books and UKZN Press, 2006), Talk Left, Walk Right: South Africa’s Frustrated Global Reforms (UKZN Press, 2006); Elite Transition: From Apartheid to Neoliberalism in South Africa (UKZN Press, 2005); Fanon’s Warning: A Civil Society Reader on the New Partnership for Africa’s Development (Africa World Press, 2005); and Against Global Apartheid: South Africa meets the World Bank, IMF and International Finance (Zed Books and University of Cape Town
Press, 2003). Patrick was the drafter of 15 policy papers for the South African government from 1994-2001, and before that worked in the NGO sector in Johannesburg for several years. He moved permanently to Southern Africa in 1989 following work in the media (Marketplace Radio and Pacifica Radio) and at the Institute for Policy Studies in Washington, DC.
Al Campbell is a professor of economics at the University of Utah in the United States. His research interests are focused on theoretical and empirical issues concerning the political economy of contemporary capitalism and its transcendence. His work has appeared in numerous international peer reviewed journals including Review of Radical Political Economics, Science and Society and Critique.
Paul Cooney Seisdedos received his doctorate in Economics from the New School for Social Research in 1990. He has worked at the United Nations and at several universities, including the University of Buenos Aires in the early 1990s, Queens College in New York and currently at the Universidade Federal do Pará in the Brazilian Amazon since 2006. He has conducted research and published in the areas of economics and environmental science. He has publications in several scholarly refereed journals, such as: Latin American Perspectives, Revista de Economia Contemporânea and the Revista de Economia, UFPR. He is also a member of the editorial board of the international journal Capitalism, Nature, Socialism and has served on the steering committee and as treasurer for the Union for Radical Political Economics.
Cliff DuRand is a founder and Research Associate at the Center for Global Justice located in San Miguel de Allende, GTO Mexico. He holds a Ph.D. in Social Philosophy from Florida State University and taught Philosophy at Morgan State University in Baltimore for 40 years.
Seongjin Jeong is a professor of economics and the Director of Graduate Program of Political Economy at Gyeongsang National University, South Korea. He is also the Editor of MARXISM 21, a representative Marxist journal in South Korea. He received his PhD from Seoul National University, and has written widely on Marxism and the Korean economy, including articles in Review of Radical Political Economics and Rethinking Marxism. Some of his works, especially Marx and the Korean Economy (2005), Marx and Trotsky (2006), and Marxist Perspectives on South Korea in the Global Economy (Ashgate 2007), a volume he co-edited and contributed to, are received as major contributions to the development of classical Marxism in Korea.He has also translated some Marxist works into Korean, including books by Robert Brenner, Alex Callinicos, Tony Cliff and Roman Rosdolsky.
Angela Joya is a PhD candidate in the department of Political Science at York University. She is currently completing her dissertation titled “Building Capitalism in Egypt: A Study of the Construction and Housing Sectors, 1991-2004”. She has recently published an article titled “Syria’s Transition, 1970-2005: From Centralization of the State to Market Economy” in the journal Research in Political Economy. She has also written and published on US imperialism in the Middle East. Her future research project will examine the internationalization of the State in Afghanistan.
Minqi Li received his PhD in economics from University of Massachusetts Amherst in 2002. He taught political science at York University, Canada, from 2003 to 2006. Since 2006, he has been teaching economics in University of Utah. His recent book: The Rise of China and the Demise of the Capitalist World Economy was published by Pluto Press and Monthly Review Press in 2009.
Ananya Mukherjee Reed is Associate Professor in the Department of Political Science at York University, Toronto, Canada. She is also director of the International Secretariat for Human Development (ISHD) at York. Her most recent book is, Human Development and Social Power: Perspectives from South Asia (London: Routledge, 2008). Her earlier publications include an edited volume Corporate Capitalism in Contemporary South Asia: Conventional Wisdoms and South Asian Realities (Basingstoke: Palgrave 2003); Perspectives on India’s Corporate Economy: Exploring the Paradox of Profits (Basingstoke: Macmillan, 2001); and numerous articles in international refereed journals.
Ake Tangsupvattana is Associate Professor at the Faculty of Political Science, Chulalongkorn University, Bangkok. He is also Associate Dean for Academic and International Affairs and was a University Council Member. He obtained his BA in Political Science from Chulalongkorn University, Thailand, and MA in Political Theory and Ph.D. in Sociology from the University of Essex, England. His major research interests are in globalization, governance, the relations between politics and business, the role of transnational corporations, especially in the context of corporate social responsibility. His recent international publications are as follows: “Driving the Juggernaut: From Economic Crisis to Global Governance in Pacific Asia” in Pacific Asia 2022: Sketching Futures of a Region, Japan Center for International Exchange (2005); ‘Thailand Election 2005: Towards Authoritarian Populism or Participatory Democratic Governance’ in Elections in Asia: Making Democracy Work?, Marshall Cavendish International (Singapore) Private Limited (2006); Co-principle researcher “National Integrity Systems: Transparency International Country Study Report – Thailand 2006”, Transparency International.
John Weeks is Professor Emeritus of Development Economics, School of Oriental and African Studies, University of London. He is author of numerous books on development, political economy and economic theory. His research in Southeast Asia has been on Indonesia and Vietnam. In addition to his academic work he is the principle author of macroeconomic studies for the United Nations on Vietnam, Zambia and Moldova.
Richard Westra (see above)
Gregory Wilpert is adjunct professor in political science at Brooklyn College’s Graduate Center for Worker Education and is founder and editor of the website Venezuelanalysis.com. He received his Ph.D. in sociology from Brandies University in 1994 and in 2000 received a Fulbright grant to teach and do research at the Central University of Venezuela. He ended up living in Venezuela for eight years, where he wrote articles on Venezuelan politics for publications such as the New Left Review, Le Monde Diplomatique, Z Magazine, NACLA Report on the Americas, among many others. He is the author of Changing Venezuela by Taking Power: The History and Policies of the Chávez Government, Verso 2007. |
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