Bad Samaritans: Rich Nations, Poor Policies and the Threat to the Developing World - Hardcover
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'.
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'.
"synopsis" may belong to another edition of this title.
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)
"A rising star in the field of economics attacks free-trade orthodoxy head-on." (Publishers Weekly)
Book Description:
"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)
A radical look by a leading economist at the issues surrounding the future of globalization.
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- PublisherRandom House Business
- Publication date2007
- ISBN 10 190521135X
- ISBN 13 9781905211357
- BindingHardcover
- Number of pages288
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