Neoliberalism: Myths and reality

Monthly Review

Volumn 57, Issue 11, 2006, Pages 1-17

  Hart Landsberg, Martin ^a  

^a LEWIS AND CLARK COLLEGE   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33645964036     PISSN: 00270520     EISSN: None     Source Type: Journal    
DOI: 10.14452/MR-057-11-2006-04_1     Document Type: Review

References (31)

1. Quoted in Ha-Joon Chang, Kicking Away the Ladder Development Strategy in Historical Perspective (London: Anthem Press, 2002), 15.
2. William Cline, "Doha Can Achieve Much More than Skeptics Expect," Finance and Development (March 2005), 22.
3. Significantly, most neoliberal theorists do not include the free movement of people in their argument.
4. Additional discussion of the theoretical weaknesses underlying free-trade theories can be found in Arthur MacEwan, Neo-Liberalism or Democracy: Economic Strategy, Markets, and Alternatives for the 21st Century (New York: Zed Press, 1999), chapter 2;
5. Graham Dunkley, The Free Trade Adventure: The WTO, the Uruguay Round and Globalism-A Critique (New York: Zed Press, 2000), chapter 6;
6. and Anwar Shaikh, "The Economic Mythology of Neoliberalism," in Alfredo Saad-Filho, ed., Neoliberalism: A Critical Reader (London: Pluto Press, 2005).
7. Drusilla Brown, Alan Deardoff, & Robert Stern, CGE Modeling and Analysis of Multilateral and Regional Negotiating Options, Discussion Paper 468 (University of Michigan School of Public Policy Research Seminar in International Economics, 2001), http://www.fordschool.umich.edu/rsie/ workingpapers/Papers451-475/r468.pdf.
8. The World Bank, Global Economic Prospects 2002 (Washington D.C.: World Bank, 2002), xiii.
9. Peter Dorman, The Free Trade Magic Act, Briefing Paper (Washington, D.C., Economic Policy Institute, 2001), 2.
10. World Bank, Global Economic Prospects 2002, (Washington, D.C.: World Bank Publications, 2001), 166.
11. The restrictions that are eliminated include import tariffs, export subsidies, and domestic production subsidies.
12. World Bank, Global Economic Prospects 2002, 167.
13. This result is largely a reflection of the assumptions of the World Bank model. Because the agricultural sector in the third world is protected by relatively high tariffs and assumed inefficient, its liberalization produces the biggest gains for the third world. This view of third world agricultural production ignores all cultural and ecological considerations.
14. Mark Weisbrot & Dean Baker, The Relative Impact of Trade Liberalization on Developing Countries, Briefing Paper (Washington, D.C., Center for Economic and Policy Research, 2002), 1.
15. World Bank, Global Economic Prospects 2005 (Washington D.C.: World Bank, 2005), 127.
16. UNCTAD, Trade and Development Report 1999 (New York: United Nations, 1999), vi.
17. UNCTAD, Trade and Development Report 1999, vi.
18. Mark Weisbrot, Dean Baker, & David Rosnick, The Scorecard on Development: 25 Years of Diminished Progress (Washington, D.C., Center for Economic and Policy Research, 2005), 1.
19. UNCTAD, Trade and Development Report 2002 (New York: United Nations, 2002), 103.
20. UNCTAD, Trade and Development Report 2002, 63.
21. UNCTAD, Trade and Development Report 2002, 51.
22. UNCTAD, Trade and Development Report 2005 (New York: United Nations, 2005), 131.
23. UNCTAD, Trade and Development Report 2002, 77.
24. UNCTAD, Trade and Development Report 2002, 80.
25. For a discussion of the rise of China as a neoliberal success story see Martin Hart-Landsberg & Paul Burkett, China and Socialism: Market Reform and Class Struggle (New York: Monthly Review, 2005), especially chapter 1.
26. Martin Hart-Landsberg & Paul Burkett, "China and the Dynamics of Transnational Accumulation: Causes and Consequences of Global Restructuring," Historical Materialism (forthcoming 2006).
27. Hart-Landsberg & Burkett, "China and the Dynamics of Transnational Accumulation."
28. China Labor Bulletin, "Subsistence Living for Millions of Former State Workers" (September 7, 2005).
29. Edward Cody, "Workers In China Shed Passivity, Spate of Walkouts Shakes Factories," Washington Post, November 27, 2004.
30. For more discussion of the destructive social consequences of Chinese state policies on working people as well as their growing resistance to these policies see Hart-Landsberg & Burkett, China and Socialism, chapter 3.
31. This restructuring is examined in detail in Hart-Landsberg & Burkett, China and Socialism, chapter 4, and "China and the Dynamics of Transnational Accumulation."