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Description - The False Dilemma by Oscar Ugarteche

This work argues that the economic framework of new-liberalism and globalisation is forcing a false dilemma on the nations of the south. The idea that they must integrate their economies into the global economy by means of export-led growth, or risk economic marginalisation and stagnation, runs counter to the actual evidence of economic history. Nor is it inevitable that state and market be in diametric opposition. With clarity, wit and abundant empirical evidence, the author explores the internal inconsistencies of neo-liberal economic theory. The fundamental question is not whether to export, but why. And the ultimate goal of any country's economic policy must be the development of the internal market and the pursuit of social well-being. He lays out the case for a strong, innovative and interventionist state that mediates private interest with the larger national interest. The south must reject the false logic of globalisation that there is no choice, and recognise instead that the real folly is to integrate with the global market without developing the internal market.

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Book Details

ISBN: 9781856496902
ISBN-10: 1856496902
Format: Paperback
(216mm x 138mm x mm)
Pages: 256
Imprint: Zed Books Ltd
Publisher: Zed Books Ltd
Publish Date: 1-Oct-2000
Country of Publication: United Kingdom

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Author Biography - Oscar Ugarteche

Oscar Ugarteche is a former Professor of International Finance at the Catholic University of Peru. He was educated at Fordham University in New York and subsequently at the London Business School. His many and varied roles have included economic consultancy for a wide variety of organisations. These include UNCTAD (which he advised on debt questions for over a decade), UNDP, UNICEF, the Pan American Health Organization, Radda Barnen and the Friedrich Ebert Foundation. He has served on the boards of several NGOs in Peru on the editorial boards of various Latin American journals. In 1993 and again in 1995, he spent time at University of Bergen's Centre for Development Studies in Norway where the first draft of this book was prepared. Professor Ugarteche is the author of numerous books on foreign debt and its impact on development issues which have been published in various Latin American countries. His most recent work has caused a considerable stir in Peru. It is entitled: La Arqueologia de la Modernidad: el Peru entre la Globalizacion y la exclusion (Desco, Lima, 1998).