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Bad Samaritans

The Myth of Free Trade and the Secret History of Capitalism

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"Lucid, deeply informed, and enlivened with striking illustrations." -Noam Chomsky. One economist has called Ha-Joon Chang "the most exciting thinker our profession has turned out in the past fifteen years." In this provocative work, Chang enters the debate on globalization and economic justice with irreverent wit and a personal touch. He challenges the "World Is Flat" ideology promoted by Thomas Friedman and other liberal economists, who claim that unfettered capitalism and open trade are the keys to lifting nations out of poverty. Instead, Chang argues that today's economic superpowers, including the U.S., Britain, and Korea, achieved prosperity through protectionism and government intervention. We have forgotten this reality, perpetuating a fairy tale about free trade while imposing policies that benefit ourselves on developing nations through institutions like the World Bank, IMF, and WTO. Unlike typical economists who focus on theoretical models, Chang examines historical evidence, dismantling free-market myths. He highlights how developed countries grew by copying technologies and how many developing nations experienced higher GDP growth before being pressured to deregulate. Chang asserts that both justice and common sense demand a reevaluation of the policies imposed on struggling nations.

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Bad Samaritans, Ha-Joon Chang

Sprache
Erscheinungsdatum
2008
Einband
(Paperback)
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Titel
Bad Samaritans
Untertitel
The Myth of Free Trade and the Secret History of Capitalism
Sprache
Englisch
Autor*innen
Ha-Joon Chang
Erscheinungsdatum
2008
Einband
Paperback
Seitenzahl
288
ISBN10
1596915986
ISBN13
9781596915985
Reihe
Bewertung
4,25 von 5 Sternen
Beschreibung
"Lucid, deeply informed, and enlivened with striking illustrations." -Noam Chomsky. One economist has called Ha-Joon Chang "the most exciting thinker our profession has turned out in the past fifteen years." In this provocative work, Chang enters the debate on globalization and economic justice with irreverent wit and a personal touch. He challenges the "World Is Flat" ideology promoted by Thomas Friedman and other liberal economists, who claim that unfettered capitalism and open trade are the keys to lifting nations out of poverty. Instead, Chang argues that today's economic superpowers, including the U.S., Britain, and Korea, achieved prosperity through protectionism and government intervention. We have forgotten this reality, perpetuating a fairy tale about free trade while imposing policies that benefit ourselves on developing nations through institutions like the World Bank, IMF, and WTO. Unlike typical economists who focus on theoretical models, Chang examines historical evidence, dismantling free-market myths. He highlights how developed countries grew by copying technologies and how many developing nations experienced higher GDP growth before being pressured to deregulate. Chang asserts that both justice and common sense demand a reevaluation of the policies imposed on struggling nations.