Bad Samaritans The Guilty Secrets Of Rich Nations And The Threat To Global Prosperity

Description

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. First published 2007.

Promotion info

A radical look by a leading economist at the issues surrounding globalization.

Author description

Ha-Joon Chang is a Cambridge economist who, for the past two decades, has taught and researched issues related to economic development and globalisation. He has also worked as a consultant for the World Bank, the Asian Development Bank, various UN agencies and for the governments of Brazil, Canada, Japan, South Africa, the UK, and Venezuela. He has published numerous articles and books, including Kicking Away the Ladder - Development Strategy in Historical Perspective, which won the 2003 Myrdal Prize and has been translated into seven languages . In 2005, he and Richard Nelson of Columbia University received the Leontief Prize. He has been on the editorial board of the Cambridge Journal of Economics since 1992.