Jump to ContentJump to Main Navigation
International DevelopmentIdeas, Experience, and Prospects$
Users without a subscription are not able to see the full content.

Bruce Currie-Alder, Ravi Kanbur, David M. Malone, and Rohinton Medhora

Print publication date: 2014

Print ISBN-13: 9780199671656

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199671656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 10 May 2021

Trade and Finance in Development Thinking

Trade and Finance in Development Thinking

(p.295) Chapter 17 Trade and Finance in Development Thinking
International Development

José Antonio Ocampo

Oxford University Press

This chapter summarizes the controversies on trade and finance in relation to developing countries as they have evolved since the Second World War. It shows the significant divergences among schools of development thought as to the role of the global system versus national policies in determining development success, and between those who defend the virtues of markets versus those who consider that development is intrinsically tied to some forms of state intervention. It follows a historical sequence, from what it terms the “industrialization consensus” of the early post-war years through the rise of newly-industrialized countries (NICs) as exporters of manufactures, to the “Washington Cconsensus” and the most recent challenges associated with the rise of China and the recent slowdown of international trade. Through this analysis, it also takes a look at changes in the global economic order and initiatives aimed at redesigning the rules for the global economy.

Keywords:   trade, finance, liberalization, global economic order, globalization, international division of labor, newly-industrialized countries (NICs)

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .