In examining countries that have experienced rapid economic growth
and development, the proper role of the state vis-a-vis the market
has been intensely scrutinized and debated. Engaging this
literature through the lenses of neoliberalism and globalization,
the authors provide a thorough and compelling study of the varying
developmental experiences of Chile and Taiwan. This excellent book
is a valuable reading for scholars and students of the politics and
economics of development.' - Alexander C. Tan, University of
Canterbury, New Zealand'Challenging Neoliberalism provides an
excellent analysis of the characteristics, contradictions and
limits of neoliberalism and globalization. And it is a brilliant
investigation of two exemplary cases of free-market based
development: Chile and Taiwan. Employing institutionalist theory,
Cal and Evelyn Clark provide a precise and penetrating study of the
neoliberalization of these two countries and their divergent
socio-economic growth policies that engendered equally important
'economic miracles.' The authors' ability to convincingly
illustrate the ultimate incompatibility of neoliberalism and
globalization makes Challenging Neoliberalism a novel and timely
addition to the debate on neoliberal globalization.' - Alessandro
Bonanno, Sam Houston State University, US 'Clark and Clark do an
excellent job of pointing to the paradoxes inherent in neoliberal
economic policies through a case study of Chile and Taiwan. It is
unusual to see an analysis that involves two countries so different
from one another. Clark and Clark argue that, despite their similar
strategies of opening their markets to the global economy and
pursuing export-led growth, there are tremendous differences in the
outcomes in Chile and Taiwan. This book would be a great addition
to courses on globalization and political economy. It renders
complex concepts clear and presents substantial background
information such that readers unfamiliar with Chile and/or Taiwan
can make sense of their economic and social policies.' - Tanya
Maria Golash-Boza, University of California, Merced, US
Neoliberalism, which advocates free markets without government
interference, has become increasingly utilized and controversial
over the last three and a half decades. This book presents case
studies of Chile and Taiwan, two countries that seemingly prospered
from adopting neoliberal strategies, and finds that their
developmental histories challenge neoliberalism in fundamental
ways. From one perspective, the political economies of Chile and
Taiwan might appear to be poster children for neoliberalism. Both
took aggressive policy actions (Taiwan in the 1960s and Chile in
the 1970s) to create market-driven economies that were well
integrated into the capitalist global economy. Subsequently, these
two countries were cited as 'economic miracles' that opened their
markets, resulting in rapid economic growth and development. A
closer examination of the two nations, however, turns up very
significant differences between them. In particular, Taiwan, with
its much more statist approach to development, outperformed Chile
by a considerable margin; and some of the experiences of Chile
departed markedly from neoliberal predictions. The authors argue
that Taiwan s strategy was the more successful of the two,
primarily because it discarded the ideology of neoliberalism and
unfettered laissez-faire. Scholars, educators, and students
studying globalization, political economy, and/or economic
development will find this book an irreplaceable addition to the
discussion of neoliberalism.
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