In this powerfully persuasive book, a Latin American economist with vast international experience argues that the economic framework of neo-liberalism and globalization is forcing a false dilemma on the nations of the South.
With clarity, wit and abundant empirical evidence, Oscar Ugarteche explores the internal inconsistencies of neoliberal economic theory. He argues that 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 the well-being of society as a whole. These considerations, in turn, can shape the extent and manner in which exports are promoted.
Ugarteche lays out the case for a strong, innovative and interventionist state that mediates private interests with the larger national interest. The South must reject the false logic of globalization that there is no choice, and recognize instead that the real folly is to integrate with the global market without developing the internal market.