clarity
clarity
P  R  E  S  S,   I  N  C  .

CONFRONTING GLOBAL
NEOLIBERALISM
Third World Resistance
and Development Strategies
edited by
Richard Westra

ISBN:  9780932863614  $21.95  2009






see below for
SYNOPSIS  EDITOR  CONTRIBUTORS  
TABLE OF CONTENTS

    SYNOPSIS

    With the world’s attention fixed on the travails of leading global economies due to a still unfolding financial crisis of
    gigantic proportions, there has been a studied silence on the fate of the third world as the malaise increasingly
    impacts it. This silence is particularly disturbing because questions of potential pitfalls in the neoliberal policy
    package, which the third world (unlike Western Europe and Japan) was largely forced to adopt, were never
    countenanced. as 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.

    This collection is a tour de force, effectively countering not only the neoliberal ideology of development as a whole
    but the marginalizing within today’s mainstream crisis discourse of any discussion of the monstrous misallocation
    of global resources wrought by the so-called “Washington Consensus” and the suffering and destruction it has
    wreaked on third world peoples and economies.

    This edited volume is intended as both a textbook for introductory classes in global development or area studies
    and as a conduit for advanced students, policymakers, NGO activists and an educated readership to gain
    knowledge about the socio-economic conditions existing across much of the world we live in, and the policies that
    brought them about. The specially commissioned and peer reviewed chapters are written by experts in the fields of
    economics, politics, sociology and international studies. Chapter authors hail from around the world including:
    Brazil, Mexico, Canada, United States, United Kingdom, South Africa, South Korea and Thailand.

    The countries/regions’ neoliberal experience and potential futures covered in this book are: Brazil, China, Cuba,
    Egypt, Mexico, Southeast Asia (Indonesia, Malaysia and Vietnam), South Africa, South Korea, Syria, Thailand and
    Venezuela.


    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 was born in Belfast, Northern Ireland in 1961;
    grew up in Alabama and Maryland; and 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. His research includes the following topics: NAFTA and the issues of labor and the environment in
    maquiladoras, analysis of the neoliberal experiences in Argentina, Brazil and Mexico, the general law of capitalist
    accumulation in Latin America, international transfers of value and unequal exchange, competition and monopoly,
    and air transport of pesticides and dioxin. His current areas of research include globalization and accumulation in
    the Brazilian Amazon, deforestation and ecology, the free trade zone of Manaus, as well the current crisis and the
    role of fictitious capital. 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).
    The book attempts to develop a critical conceptualization of human development by focusing on the three
    dimensions of political-economy, difference and agency.  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 has taught at universities around the world including Queen’s University and Royal Military
    College, Canada; International Study Center, East Sussex UK; and the College of The Bahamas, Nassau. He has
    been a Visiting Research Fellow at Focus on the Global South/Chulalongkorn University Social Research Institute,
    Chulalongkorn University, Bangkok Thailand and is currently Associate Professor in the Division of International
    and Area Studies, Pukyong National University, Pusan, South Korea. His work has been published in numerous
    international scholarly refereed journals including Journal of Contemporary Asia, Review of International Political
    Economy, Review of Radical Political Economics and Historical Materialism. He is author of Political Economy and
    Globalization, Routledge 2009 and co-edited and contributed to Political Economy and Global Capitalism: The
    21st Century, Present and Future, Anthem 2007 and Marxist Perspectives on South Korea in the Global Economy,
    Ashgate 2007.  

    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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