Global Change, Regional Response: The New International Context of Development

This book offers a new perspective in studying contemporary development. Part I explores how the ending of the cold war, shifting relations among capitalist powers, changing patterns of finance, globalization of trade and production, and new ideological currents have altered development in four major third-world regions. Part II suggests how development options were molded by the dominant international power in each region: the United States in Latin America, Japan in East and Southeast Asia, and Europe with the international financial institutions in Africa. Part III provides a conceptual framework for analyzing regional performance: variation in economic capacity, trade opportunities, and access to finance shaped the development chances of each region, producing rapid growth in Asia, stagnation in Latin America, and economic contraction in sub-Saharan Africa during the 1980s and early 1990s. It also speculates about future trends based on varying development models.

Table of Contents:
List of tables; List of figures; Acknowledgements; 1. Introduction: global change, regional response Barbara Stallings; Part I. Global Changes: 2. The Third World and the end of the Cold War Fred Halliday; 3. Capitalisms in conflict? The United States, Europe, and Japan in the post-Cold War world Barbara Stallings and Wolfgang Streeck; 4. Global production systems and Third World development Gary Gereffi; 5. New global financial trends: implications for development Stephany Griffith-Jones and Barbara Stallings; 6. The 'triumph' of liberal economic ideas in the developing world Thomas J. Biersteker; Part II. Regional Responses: 7. The East Asian NICs: a state-led path to the developed world Yun-han Chu; 8. Southeast Asia: success through international openness Linda Y. C. Lim; 9. Latin America: toward a new reliance on the market Augusto Varas; 10. Sub-Saharan Africa: underdevelopment's last stand Michael Chege; Part III. Conclusions: 11. The new international context of development Barbara Stallings.

Review :
'This is a unique book. It provides not only a valuable overview of global and regional trends but also a very interesting and provocative lens through which to view Third World development in the next 10-15 years. The authors are distinguished and it is refreshing to see the regional response chapters written by scholars from the regions. The conclusion is written with Barbara Stalling's characteristic clarity and elegance and offers a strong and potentially controversial thesis. Researchers and students alike will find this an invaluable addition to their reading on the political economy of the contemporary Third World.' Peter Evans, University of California, Berkeley 'This should be an agenda-setting collection. It reintroduces the international dimensions forcefully into the literature on the political economy of development.' Stephen Haggard, Graduate School of International Relations and Pacific Studies, University of California, San Diego