Reclaiming Development

Ha-Joon Chang

There is no alternative to neoliberal economics. In 2004 americanisation and globalisation were and to a large degree still are the driving assumptions within the international development policy establishment. Reclaiming Development confronts the validity of this neoliberal development model head-on by combining devastating economic logic with an in-depth analysis of the historical experiences of leading Western and East Asian economies.

A lot has changed since 2004, though - the global financial crisis and the success of some developing countries in weathering the crisis have transformed the latent cleavages in the neoliberal model, resulting in an increasingly open environment of policy innovation and experimentation in the Global South. If anything, these changes mean that Reclaiming Development is even more relevant today than when it was first published, with real hope that the policies articulated then might finally be realized in practice.An essential landmark work that continues to grow in influence.

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