Mainstream trade and commercial policy theories - with lineage traced back to Smith, Ricardo, Torrens, and Mill - have often trivialised the process of development as static resource allocation. Peter Sai-wing Ho re-interprets the works of these classical ecomists and those of the so-called 'protectionists' - Hamilton, List, Mailesco, Prebisch, Myrdal, and Singer - to offer an alternative framework that considers the role of trade, foreign investment, and techlogy in engendering uneven development. The author reveals that these 'protectionists' actually offered sophisticated prescriptions involving n-trade instruments, interweaving import-substitution with export-promotion, and emphasising indigeus techlogical-capability cultivation. This controversial book offers a unique approach to rethinking the trade and development literature and will therefore strongly appeal to researchers, academics, and students of trade and development as well as those involved in the history of ecomic thought.
P. Sai-wing Ho, Associate Professor of Economics, University of Denver, US