Rethinking Development Economics or Media Economics

Rethinking Development Economics

Author: Ha Joon Chang

‘Impressive... provides a very good compendium of what are usually classified as “heterodox” development economics... an excellent volume.’
Journal of International Development

This important new collection tackles the failure of neoliberal reform to generate longterm growth and reduce poverty in many developing and transition economies. As dramatically demonstrated in the collapse of the WTO's Seattle talks, there is increasing dissatisfaction, in both developing and developed countries, with the emerging neoliberal global economic order. The resignations of Joseph Stiglitz and Ravi Kanbur from the World Bank emphasize that this disillusionment with the orthodoxy now exists at the very heart of the establishment. Yet the increasing demand for an alternative to this orthodoxy is not being met. Over the last few decades, the older generation of development economists have been edged out of most major universities, particularly in the USA. The situation in most developing countries is even worse: although there is more demand for alternatives to orthodox development economics, these countries have even less capability to generate such alternatives.

Rethinking Development Economics is intended to fill this gap. It addresses key issues in development economics, ranging from macroeconomics, finance and governance to trade, industry, agriculture and poverty. Bringing together some of the foremost names in the field, this comprehensive and timely collection constitutes a critical staging-post in the future of development economics.

Table of Contents:

	Contributors to this volume
	Introduction	1
1	Changing Perspectives in Development Economics	21
2	The Market, the State and Institutions in Economic Development	41
3	Globalization and Development	61
4	Development and the Global Order	83
5	The East Asian Development Experience	107
6	The Latin American Economies During the Second Half of the Twentieth Century - from the Age of 'ISI' to the Age of 'The End of History'	125
7	Rethinking African Development	153
8	Transition Economies	179
9	New Growth Theory	201
10	Structural Change and Development: The Relative Roles of Effective Demand and the Price Mechanism in a 'Dual' Economy	219
11	Agriculture and Development: The Dominant Orthodoxy and an Alternative View	235
12	Trade and Industrial Policy Issues	257
13	Technology and Industrial Development in an Era of Globalization	277
14	Industrial Policy in the Early 21st Century: The Challenge of the Global Business Revolution	299
15	International Private Capital Flows and Developing Countries	325
16	The 'Three Routes' to Financial Crisis: Chile, Mexico and Argentina [1]; Brazil [2]; and Korea, Malaysia and Thailand [3]	347
17	The New International Financial Architecture, Corporate Governance and Competition in Emerging Markets: Empirical Anomalies and Policy Issues	377
18	Rural Poverty and Gender: Analytical Frameworks and Policy Proposals	405
19	Globalization and the Distribution of Income between and within Countries	423
20	Increasing Poverty in a Globalized World: Marshall Plans and Morgenthau Plans as Mechanisms of Polarization of World Incomes	451
21	On Understanding Markets as Social and Political Institutions in Developing Economies	479
22	Institutions and Economic Development in Historical Perspective	497
23	Globalization, Global Governance and the Dilemmas of Development	521

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Media Economics: Theory and Practice

Author: Alison Alexander

Media Economics: Theory and Practice focuses on the basic principles of economics in the business sector and applies them to contemporary media industries. This text examines the process of media economics decision making through an exploration of key topics, such as industrial restructuring, regulatory constraints upon media operations, and changing economic value, providing key insights into media business activities. With the structure and value of media industries changing rapidly and sometimes dramatically, this text moves beyond a basic documentation of historical patterns to help readers understand the mechanics of change, offering insight into the processes reproducing contemporary trends in media economics.

Thoroughly updated in this third edition, Media Economics focuses on the primary concerns of media economics, the techniques of economic and business analysis, and the overall characteristics of the media environment; and explores contemporary business practices within specific media industries, including newspaper, magazine, television, cable, movie, radio advertising, music, and online industries. New for this edition are chapters on the advertising, book publishing, and magazine publishing industries. Chapters contributed by expert scholars and researchers provide substantial discussions of the crucial topics and issues in the media industry sectors, and emphasize both domestic and international businesses.

Offering a thorough examination of the economic factors and forces concerning the media industries, Media Economics is appropriate for use as a course text for advanced media management and economics students. It also serves as anindispensable reference for scholars and researchers in media business arenas.