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Challenging Neoliberalism

Globalization and the Economic Miracles in Chile and Taiwan

Cal Clark and Evelyn A. Clark

Neoliberalism, which advocates free markets without government interference, has become increasingly utilized and controversial over the last three and a half decades. This book presents case studies of Chile and Taiwan, two countries that seemingly prospered from adopting neoliberal strategies, and finds that their developmental histories challenge neoliberalism in fundamental ways.
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Abbreviations

Globalization and the Economic Miracles in Chile and Taiwan

Cal Clark and Evelyn A. Clark

CCPChinese Communist Party
CEPDCouncil for Economic Planning and Development
CODELCOCorporacion National del Cobre de Chile
CORFOCorporacion de Fomento de la Produccion de Chile
CPCChina Petroleum Corporation
DPPDemocratic Progressive Party
ECFAEconomic Cooperation Framework Agreement
ECLAEconomic Commission on Latin America
EPZexport processing zones
FDIforeign direct investment
GDPgross domestic product
GFCFgross fixed capital formation
GNPgross national product
IMFInternational Monetary Fund
ISIimport-substitution industrialization
JCRRSino-American Joint Commission on Rural Reconstruction
KMTKuomintang
MNCmultinational corporation
MOEAMinistry of Economic Affairs
MPSMont Pelerin Society
NTNew Taiwan
OECDOrganisation for Economic Co-operation and Development
OPECOrganization of Petroleum Exporting Countries
PPPpurchasing power parity
PRCPeople’s Republic of China
R&Dresearch and development
ROCRepublic of China
SFFSociedad de Fomento Fabril
SMEsmall and medium enterprises
TNCtransnational corporations
WHOWorld Health Organization
WTOWorld Trade Organization