Bad Samaritans by Ha-Joon Chang

Bad Samaritans by Ha-Joon Chang

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Bad Samaritans by Ha-Joon Chang

"Lucid, deeply informed, and enlivened with striking illustrations." -Noam Chomsky

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.

HA-JOON CHANG is a lecturer in development economics and institutional economics at the University of Cambridge's Faculty of Economics and Politics. He has written numerous publications on topics as diverse as state theories, institutional economics, privatization, industrial strategy, and the East Asian development experience. He's also co-edited two books: The Transformation of Communist Economies: Against the Mainstream (also from Macmillan) and The Role of the State in Economic Development (with Robert Rowthorn).

SKU Unavailable
ISBN 13 9781596915985
ISBN 10 1596915986
Title Bad Samaritans
Author Ha Joon Chang
Condition Unavailable
Binding Type Paperback
Publisher Bloomsbury Publishing Plc
Year published 2009-01-02
Number of pages 288
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.