Author: Ha-Joon Chang
Translator: Soon-hee Lee
384 pages | 223*152mm
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|>>>This book is written in Korean only.|
About This Book
"Lucid, deeply informed, and enlivened with striking illustrations, this penetrating study could be entitled 'Economics in the Real World.' Chang reveals the yawning gap between standard doctrines concerning economic development and what really has taken place from the origins of the industrial revolution until today. His incisive analysis shows how, and why, prescriptions based on reigning doctrines have caused severe harm, particularly to the most vulnerable and defenseless, and are likely to continue to do so."--Noam Chomsky
Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the ¡°World I s 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.
Ha-Joon Chang has taught at the Faculty of Economics, University of Cambridge, since 1990. He has consulted for numerous international organizations, including the U nited 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.
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