Description
Book Synopsis: "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.
Details
Are you tired of the same old narrative about free trade and capitalism? Look no further than "Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism" by the renowned economist Ha-Joon Chang. This book challenges the conventional wisdom perpetuated by economists like Thomas Friedman and offers a fresh perspective on globalization and economic justice. Say goodbye to the World Is Flat orthodoxy and delve into a thought-provoking analysis that will make you question everything you thought you knew about international trade.
Ha-Joon Chang's engaging writing style, backed by compelling examples, dismantles the myth that only unfettered capitalism can drive prosperity in struggling nations. He sheds light on the forgotten truth that economic superpowers like the U.S., Britain, and Korea achieved success through protectionism and strategic government intervention. This book is a wake-up call to reevaluate our beliefs in the magic of free trade and consider alternative paths to sustainable development. Are you ready to challenge your assumptions and broaden your perspective?
"Bad Samaritans" is not just another economic tome filled with abstract theories. Chang's approach is refreshingly pragmatic, rooted in historical evidence rather than theoretical models. By debunking free-market myths and exposing the flaws in current economic policies imposed on developing countries, this book advocates for a more balanced and just approach to global economics. It's time to rethink our strategies and prioritize common sense over dogma. Join the conversation and be part of the change!
Ready to explore a groundbreaking critique of free trade and capitalism that will challenge your beliefs and spark new ideas? Dive into "Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism" now and discover a thought-provoking journey into the complexities of global economics. Don't miss out on this opportunity to expand your knowledge and engage with an alternative perspective that could reshape your understanding of international trade.
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