Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

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9781501245633: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
Présentation de l'éditeur :

It's rare that a book appears with a fresh perspective on world affairs, but renowned economist Ha-Joon Chang has some startlingly original things to say about the future of globalization. In theory, he argues, the world's wealthiest countries and supra-national institutions like the IMF, World Bank and WTO want to see all nations developing into modern industrial societies. In practice, though, those at the top are 'kicking away the ladder' to wealth that they themselves climbed.

Why? Self-interest certainly plays a part. But, more often, rich and powerful governments and institutions are actually being 'Bad Samaritans': their intentions are worthy but their simplistic free-market ideology and poor understanding of history leads them to inflict policy errors on others. Chang demonstrates this by contrasting the route to success of economically vibrant countries with the very different route now being dictated to the world's poorer nations. In the course of this, he shows just how muddled the thinking is in such key areas as trade and foreign investment. He shows that the case for privatisation and against state involvement is far from proven. And he explores the ways in which attitudes to national cultures and political ideologies are obscuring clear thinking and creating bad policy. Finally, he argues the case for new strategies for a more prosperous world that may appall the 'Bad Samaritans'.

Revue de presse :

"

A smart, lively and provocative book that offers us compelling new ways to look at globalization

" (Joseph E. Stiglitz, Nobel laureate in Economics, 2001)

"Every orthodoxy needs effective critics. Ha-Joon Chang is probably the world's most effective critic of globalization. He does not deny the benefits to developing countries of integration into the world economy. But he draws on the lessons of history to argue that they must be allowed to integrate on their own terms" (Martin Wolf, Financial Times, author of 'Why Globalization Works')

"This is a marvellous book. Well researched, panoramic in its scope and beautifully written, Bad Samaritans, is the perfect riposte to devotees of a one-size-fits-all model of growth and globalization. I strongly urge you to read it" (Larry Elliott, Economics Editor, Guardian)

"In this more polemical tract, [Chang] adds the spark of personal reflection ... and some mischievous rhetorical set-pieces." ( The Economist)

"A rising star in the field of economics attacks free-trade orthodoxy head-on." ( Publishers Weekly)

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Ha-Joon Chang
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Description du livre BRILLIANCE AUDIO, United States, 2015. CD-Audio. État : New. Unabridged. 170 x 134 mm. Language: English . Brand New. With irreverent wit, an engagingly personal style, and a battery of real-life examples, Ha-Joon Chang blasts holes in the World Is Flat orthodoxy of Thomas Friedman and other neo-liberal economists who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today s economic superpowers from the United States to Britain to his native South Korea all attained prosperity by shameless protectionism and government intervention in industry. We in the wealthy nations 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.Unlike typical economists who construct models of how economies are supposed to behave, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct but developed our own industries by studiously copying others technologies. We insist that centrally planned economies stifle growth but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on weaker nations. Bad Samaritans calls on America to return to its abandoned role, embodied in programs like the Marshall Plan, to offer a helping hand, instead of a closed fist, to countries struggling to follow in our footsteps. N° de réf. du libraire BRI9781501245633

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Description du livre BRILLIANCE AUDIO, United States, 2015. CD-Audio. État : New. Unabridged. 170 x 134 mm. Language: English . Brand New. With irreverent wit, an engagingly personal style, and a battery of real-life examples, Ha-Joon Chang blasts holes in the World Is Flat orthodoxy of Thomas Friedman and other neo-liberal economists who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today s economic superpowers from the United States to Britain to his native South Korea all attained prosperity by shameless protectionism and government intervention in industry. We in the wealthy nations 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.Unlike typical economists who construct models of how economies are supposed to behave, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct but developed our own industries by studiously copying others technologies. We insist that centrally planned economies stifle growth but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on weaker nations. Bad Samaritans calls on America to return to its abandoned role, embodied in programs like the Marshall Plan, to offer a helping hand, instead of a closed fist, to countries struggling to follow in our footsteps. N° de réf. du libraire BRI9781501245633

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