This book gave me many new unique insights into the development of the world economy and ultimately changed my perspective on the international capitalist system for the better; for these reasons I strongly recommend this book.
The book goes into detail explaining and analysing the policy and institutional evolution that occurred throughout economic development of the, what he calls, NDCs. He then compares this to the institutional development and policy make up of todays developing countries commenting on the inadequacy of contemporary orthodox economic advice often imposed on such countries. He breaks down how such advice is hypocritical, and perhaps a method of neocolonialism, through historical references, whilst stressing the need for more historical induction in modern policy making and institutional reform; the latter being a critically under researched, though ever so important, field.
I’m by no means an expert on economic literature, or any non fiction for that matter, but I thought the detail this book went into was consistent and just at the appropriate level, never wandering too far into nuance, whilst also providing numerous comprehensive conclusions for each chapter throughout. This clarified the previously presented information nicely and made it digestible. The arguments seemed well constructed and accounted for any scepticism or criticisms the reader or anyone else may have felt, and although certain sections were dull (banking and corporate law to name a couple) it was just a matter of personal preference and the majority of the book was interesting and informative.
I will say however that this book probably wasn’t the best introduction to economic literature and I went in to it blind, having to struggle through a fair bit of it, but even then I would recommend it and it’s likely others out there will get more out of it than me.