Skip navigation
Hardcover | ISBN: 9780262012348 | 208 pp. | 6 x 9 in | 9 illus.| May 2007
 
Paperback | $16.95 Trade | £11.95 | ISBN: 9780262513159 | 208 pp. | 6 x 9 in | 9 illus.| September 2009
 
ebook | $11.95 Trade | ISBN: 9780262254489 | 208 pp. | 6 x 9 in | 9 illus.| September 2009
 

Look Inside

Escape from Empire

The Developing World's Journey through Heaven and Hell

Overview

The American government has been both miracle worker and villain in the developing world. From the end of World War II until the 1980s poor countries, including many in Africa and the Middle East, enjoyed a modicum of economic growth. New industries mushroomed and skilled jobs multiplied, thanks in part to flexible American policies that showed an awareness of the diversity of Third World countries and an appreciation for their long-standing knowledge about how their own economies worked. Then during the Reagan era, American policy changed. The definition of laissez-faire shifted from "Do it your way," to an imperial "Do it our way." Growth in the developing world slowed, income inequalities skyrocketed, and financial crises raged. Only East Asian economies resisted the strict prescriptions of Washington and continued to boom. Why? In Escape from Empire, Alice Amsden argues provocatively that the more freedom a developing country has to determine its own policies, the faster its economy will grow. America's recent inflexibilityas it has single-mindedly imposed the same rules, laws, and institutions on all developing economies under its influencehas been the backdrop to the rise of two new giants, China and India, who have built economic power in their own way. Amsden describes the two eras in America's relationship with the developing world as "Heaven" and "Hell"a beneficent and politically savvy empire followed by a dictatorial, ideology-driven one. What will the next American empire learn from the failure of the last? Amsden argues convincingly that the worldand the United Stateswill be infinitely better off if new centers of power are met with sensible policies rather than hard-knuckled ideologies. But, she asks, can it be done?

About the Author

Alice H. Amsden was Barton T. Weller Professor of Political Economy in the Department of Urban Studies and Planning at the Massachusetts Institute of Technology.

Reviews

"A valuable contribution to the appraisal of international development disappointments, not least because of the meticulous analysis of American economic foreign policy in the twentieth century."Patrick SheaPolitical Studies Review

Endorsements

“A thrilling account of how daredevils of economic development soar to heaven and outwit hell. At last, a shrewd study of the two postwar American empires, one permissive and the other ideological. I salute Alice Amsden for this bold and scholarly attempt.”G.K. Chadha, Chancellor, Jawaharlal Nehru University, and Member of the Prime Minister's Economic Advisory Council

"This distinguished book by an American economist shows how the U.S. changed from a benevolent to an aggressive empire, slashing growth and unleashing financial crises."Luiz Carlos Bresser-Pereira, former Finance Minister of Brazil and Emeritus Economics Professor at the Getúlio Vargas Foundation