By Michael Parenti

'Radical within the actual feel of the notice, [Parenti] digs on the roots which... maintain our public consciousness.'' l. a. instances publication ReviewInternationally acclaimed, award-winning writer Michael Parenti is considered one of America's such a lot astute and fascinating political analysts. Parenti's paintings has enlightened and enlivened readers for a few years, protecting a variety of topics. here's a wealthy choice of his such a lot lucid and penetrating writings on actual background, political lifestyles, empire, wealth, type energy, know-how, tradition, ideology, media, surroundings, intercourse, and ethnicity. additionally incorporated are a couple of selection choices drawn from his personal existence reviews and political awakening. Parenti is going the place few political observers dare to tread. again and again he is taking the additional step past the parameters of permissible opinion, and again and again he succeeds in sporting the reader with him. the choices herein, which are reprinted from formerly released works, were revised and up-to-date. different choices look the following for the first actual time.Michael Parenti is a significantly acclaimed writer and a rare public speaker. He got his Ph.D. in political technological know-how from Yale collage and has taught at a few schools and universities, within the usa and overseas. he's the writer of twenty books, together with Superpariotism , The Assassination of Julius Caesar, Inventing fact, and Democracy for the Few.

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The picture looks different in countries 81 t r a d e p o l i c y, n e w c e n t u ry that have liberalised less and globalised less. Resource-abundant countries in Latin America, Africa, the Middle East, Russia and other parts of the former Soviet Union are now doing well in the China-driven commodities boom. But their political economy is problematic: their predatory governments and interest groups are geared more to squandering rents than to creating and spreading wealth sustainably. Multi-track trade policy Another way of cutting into trade-policy reform is to look at it on several tracks.

3) What role is there for industrial policy? There is leeway for experimentation, adapted to different local conditions. Economy-wide measures, such as improving transport and communications infrastructure, as well as education and skills, can dovetail with trade and wider economic-policy reforms. 95 t r a d e p o l i c y, n e w c e n t u ry So can other ‘soft’ measures such as trade and investment promotion through information dissemination, organising trade fairs and the like. But selective promotion and protection of chosen industries has a questionable record; and ‘hard’ industrial policy of the picking-winners variety has an abysmal record: it should be avoided.

Cit. 23 UN Millennium Project, Investing in Development: A Practical Plan to Achieve the Millennium Development Goals, Earthscan, New York, 2005; Sachs, op. cit. 24 William Easterly, The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good, Penguin, New York, 2006. 25 World Bank, Assessing Aid, op. cit. 87 t r a d e p o l i c y, n e w c e n t u ry policies; and there is a high incidence of repeat lending to governments without a good track record of market-based reforms.

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