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How Rich Countries Got Rich and Why Poor Countries Stay Poor - Hardcover

 
9781845293260: How Rich Countries Got Rich and Why Poor Countries Stay Poor
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How Rich Countries Got Rich is a narrative history of modern economic development from the Italian Renaissance to the present day.


In it Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment. Reinert suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East. Yet despite its demonstrable success, orthodox development economists have largely ignored this approach and insisted instead on the importance of free trade.


Reinert presents a strongly revisionist history of economics and shows how the discipline has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economics on the other. He argues that our economies were founded on protectionism and state activism and could only later afford the luxury of free trade. When our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of mass affluence.

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Review:
Reinhert presents a revisionist account of economic ideas based on free
trade. -- Publishing News 1 September 2006

'Reinert asks the most fundamental questions about economic
development, and proceeds to answer them with clear logic, a sweeping grasp
of history and an immensely readable style.'
-- Network Ideas, 28 June, 2007

It lands powerful punches and leaves the thoughtful free-marketeer
wondering indeed whether we've forgotten so much economic history that what
we think we know today ain't actually so. Moses Abramovitz would be proud
of his protege. -- The Sunday Telegraph

It lands powerful punches' -- The Sunday Telegraph 06/07 The Sunday Telegraph 06/07

Unlike much of the writing produced by opponents of globalization,
these are serious books by serious people. They deserve to be read.'
-- Reviewed alongside H-Joon Chang's book in the Financial Times

`Reinert asks the most fundamental questions about economic
development, and proceeds to answer them with clear logic, a sweeping grasp
of history and an immensely readable style -- Network Ideas - 28 June, 2007
Book Description:
Shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment. This work suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East.

"About this title" may belong to another edition of this title.

  • PublisherConstable
  • Publication date2007
  • ISBN 10 1845293266
  • ISBN 13 9781845293260
  • BindingHardcover
  • Number of pages224
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