Kari Polanyi Levitt

Emerita Professor of Economics, McGill University, Montreal – Canada

Reclaiming Development

Reclaiming Development

Independent Thought and Caribbean Community
Kari Levitt
For over 20 years, the developing world has been adjusting to the agendas of the IMF and the World Bank. In the 1990s Structural Adjustment Programmes were repackaged and marketed as the coming of the golden age of globalisation, promising benefits to countries that adopt neo-liberal policies. Whether by conviction or apparent absence of viable alternatives, Caribbean governments have been quick to implement policies of Deregulation, Liberalisation and Privatisation. In this they have been supported by Caribbean intellectuals who have been equally quick in embracing globalisation and too ready to concede the end of national sovereignty.
In this collection of 15 papers prepared and presented in a variety of fora and spanning a period of 30 years, Kari Levitt argues that it is time to reclaim the right to development and the right of nations to engage in the international economy on their own terms. She advocates an international rules-based order which permits space for member countries to follow different and divergent paths to development according to their own philosophies, institutions, cultures and societal priorities. This collection represents a historic sweep of Caribbean thought and personalities over the past 30 years drawn against the background of the changes in the international political economy. Whether in her collaboration with Lloyd Best on the Plantation Economy model, her analyses of Debt and Adjustment, or her insistence on the right of sovereign nations to pursue their own development path, Kari Levitt remains consistent in her conviction that development, whether of individuals or nations, must be rooted in time and place and cannot be imposed by external proscription.

“There is a crying need for creative thinking and new initiatives to protect the gains of development from devastation by financial hurricanes fed by institutional investors who freely move funds in and out of countries at the tap of a keyboard with no responsibility for the impact of their operations on host countries.”
Reclaiming The Right To Development. Professor Kari Levitt.

2005 • 420 pages • 6 x 9
ISBN 976-637-143-1
Paperback US$25.00

Category: Books