Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the World Is Flat orthodoxy of Thomas Friedman and other liberal economists who argue that only unfettered Capitalism and wide-open international Trade can lift struggling nations out of poverty.
Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on nations that are struggling to follow in our footsteps..
We insist that centrally planned economies stifle growth-but many developing countries had higher GDP growth before they were pressured into deregulating their economies.
We treat patents and copyrights as sacrosanct-but developed our own industries by studiously copying others\' technologies.
His pungently contrarian History demolishes one pillar after another of free-market mythology.
Unlike typical economists who construct models of how the marketplace should work, Chang examines the past: what has actually happened.
We have conveniently forgotten this fact, telling ourselves a fairy tale about the magic of Free Trade and-via our proxies such as the World Bank, International Monetary Fund, and World Trade Organization-ramming policies that suit ourselves down the throat of the developing world. to Britain to his native Korea-all attained prosperity by shameless protectionism and government intervention in industry.
On the contrary, Chang shows, today\'s economic superpowers-from the U.
S.
Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the World Is Flat orthodoxy of Thomas Friedman and other liberal economists who argue that only unfettered Capitalism and wide-open international Trade can lift struggling nations out of poverty.
With Bad Samaritans, this provocative scholar bursts into the debate on globalization and economic justice. -Noam Chomsky One economist has called Ha-joon Chang the most exciting thinker our profession has turned out in the past fifteen years.
Lucid, deeply informed, and enlivened with striking illustrations.
Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the World Is Flat orthodoxy of Thomas Friedman and other liberal economists who argue that only unfettered Capitalism and wide-open international Trade can lift struggling nations out of poverty
