Bad Samaritans: Rich Nations, Poor Policies and the Threat to the Developing World

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9781905211371: Bad Samaritans: Rich Nations, Poor Policies and the Threat to the Developing World

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.

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About the Author:

Ha-Joon Chang has taught in the Faculty of Economics, University of Cambridge, since 1990. He has consulted for numerous international organizations, including the United Nations, the World Bank, and the Asian Development Bank. He has published eleven books, including Kicking Away the Ladder, winner of the 2003 Myrdal Prize. In 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought, whose previous recipients include Amartya Sen and John Kenneth Galbraith.

From AudioFile:

BAD SAMARITANS is a thought-provoking look at the development of economic strength by countries ranging from the United States to South Korea. The author looks at the inconsistencies between the policies that fueled their growth and the policies that are required of developing countries today, particularly those that seek aid from multinational organizations such as the World Bank and the International Monetary Fund. Jim Bond's narration is crisp and well paced. Author notes (often definitions) are dealt with smoothly, without disrupting the flow of the text. Bond has a down-to-earth style that works well with Chang's writing style and makes this an easy and engaging book to listen to. J.E.M. © AudioFile 2008, Portland, Maine-- Copyright © AudioFile, Portland, Maine

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Ha-Joon Chang
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Book Description Cornerstone, United Kingdom, 2008. Paperback. Book Condition: New. Language: English . Brand New Book. 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 . Bookseller Inventory # AAZ9781905211371

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Book Description Cornerstone, United Kingdom, 2008. Paperback. Book Condition: New. Language: English . Brand New Book. 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 . Bookseller Inventory # AAZ9781905211371

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Book Description Random House Business. Book Condition: New. 2008. Paperback. Argues that in theory 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. This book describes that in practice, though, those at the top are 'kicking away the ladder' to wealth that they themselves climbed. Num Pages: 288 pages. BIC Classification: KCL; KCM; KCS. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 197 x 130 x 22. Weight in Grams: 274. . . . . . Books ship from the US and Ireland. Bookseller Inventory # V9781905211371

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