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

9781596913998: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
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A rising young star in the field of economics attacks the free-trade orthodoxy of The World Is Flat head-on—a crisp, contrarian history of global capitalism. One economist has called Ha-Joon Chang “the most exciting thinker our profession has turned out in the past fifteen years.” With Bad Samaritans, this provocative scholar bursts into the debate on globalization and economic justice. 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. On the contrary, Chang shows, today’s economic superpowers—from the U.S. to Britain to his native Korea—all attained prosperity by shameless protectionism and government intervention in industry. 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. Unlike typical economists who construct models of how the marketplace should work, 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 nations that are struggling to follow in our footsteps.

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Review:
"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)

"This is an excellent book...deploys the logical discipline of economics and its engagement with quantitative evidence, but does so in jargon-free prose that sparkles with anecdotes and practical observations." (International Affairs)
Book Description:
A radical look by a leading economist at the issues surrounding the future of globalization.

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  • PublisherBloomsbury Pub Plc USA
  • Publication date2007
  • ISBN 10 1596913991
  • ISBN 13 9781596913998
  • BindingHardcover
  • Number of pages276
  • Rating

Other Popular Editions of the Same Title

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Publisher: Bloomsbury Publishing, 2008
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