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Author: Ha-Joon Chang
Publisher: Anthem Press
ISBN: 0857287613
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
Author: Ha-Joon Chang
Publisher: Anthem Press
ISBN: 0857287613
Category : Business & Economics
Languages : en
Pages : 196
Get Book
Book Description
How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
Author: Sulaiman Hakemy
Publisher: CRC Press
ISBN: 1351350617
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 95
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Book Description
South Korean economist Ha-Joon Chang used his 2003 work Kicking Away The Ladder to challenge the central orthodoxies of development economics, using his creative thinking skills to shine new light on an old topic. Creative thinkers are often distinguished by their willingness to challenge received ideas, and this is a central aspect of Chang’s work on development. Before Chang, the received wisdom was that developing countries needed the same kinds of economic policies and institutions as developed countries in order to enjoy the same prosperity. But, as Chang pointed out, the historical evidence showed that First World economic success was, in fact, due to exactly the kinds of state intervention that modern development orthodoxy shuns. Western affluence is the product of precisely the kinds of state control – of protectionism and the setting of price tariffs – that developed countries have since denied the developing world in the name of economic freedom and ‘best practice.’ By insisting that Third World nations should adopt these economic policies themselves, argued Chang, the West is actually stifling Third World economic prospects – kicking away the ladder. His carefully reasoned argument for a novel point of view was closely based on the critical thinking skill of producing novel explanations for existing evidence, and led many to question development orthodoxies – sparking a rethink of modern development strategies for less-developed countries.
Author: Sulaiman Hakemy
Publisher: CRC Press
ISBN: 1351352407
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
South Korean economist Ha-Joon Chang used his 2003 work Kicking Away The Ladder to challenge the central orthodoxies of development economics, using his creative thinking skills to shine new light on an old topic. Creative thinkers are often distinguished by their willingness to challenge received ideas, and this is a central aspect of Chang’s work on development. Before Chang, the received wisdom was that developing countries needed the same kinds of economic policies and institutions as developed countries in order to enjoy the same prosperity. But, as Chang pointed out, the historical evidence showed that First World economic success was, in fact, due to exactly the kinds of state intervention that modern development orthodoxy shuns. Western affluence is the product of precisely the kinds of state control – of protectionism and the setting of price tariffs – that developed countries have since denied the developing world in the name of economic freedom and ‘best practice.’ By insisting that Third World nations should adopt these economic policies themselves, argued Chang, the West is actually stifling Third World economic prospects – kicking away the ladder. His carefully reasoned argument for a novel point of view was closely based on the critical thinking skill of producing novel explanations for existing evidence, and led many to question development orthodoxies – sparking a rethink of modern development strategies for less-developed countries.
Author: Sulaiman Hakemy
Publisher: Macat Library
ISBN: 9781912128938
Category : Capitalism
Languages : en
Pages : 0
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Book Description
Ever since the nineteenth century, people have claimed that the prosperity enjoyed by the First World was the result of its devotion to unconstrained economic freedoms. Chang claims that, in fact, First world success was due to exactly the kinds of stat intervention that traditional economic thinking consistently opposes today. His detailed analysis of how Britain and the United States came to dominate the emerging global economy highlights their willingness to exploit the apparatus of the state to achieve such results. He also shows how the financial, legal, and institutional bodies claimed as essential to the West's economic muscle were actually the products of its economic dominance. Book jacket.
Author: Ha-Joon Chang
Publisher: Bloomsbury Publishing USA
ISBN: 1608193586
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.
Author: C. Kyung-Sup
Publisher: Springer
ISBN: 1137028300
Category : Social Science
Languages : en
Pages : 329
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Book Description
Blending theory and case studies, this volume explores a vitally important and topical aspect of developmentalism, which remains a focal point for scholarly and policy debates around democracy and social development in the global political economy. Includes case studies from China, Vietnam, India, Brazil, Uganda, South Korea, Ireland, Australia.
Author: Ha-Joon Chang
Publisher: Zed Books
ISBN: 9781842771433
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.
Author: Ha-Joon Chang
Publisher: Zed Books
ISBN: 9781842772010
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
The authors of this book challenge prevailing ideas about free markets and globalization. They question whether globalization is a technological reality that cannot be stopped and ask if the US economy really outperformed its competitors in the 1990s. They show how in each key area--trade and industrial policy, privatization, intellectual property rights, investment and financial policies, exchange rate and currency policy, labour and social welfare --there are alternatives to neoliberal policies that the historical experience of particular countries prove really works.
Author: Patrick Bond
Publisher: Zed Books Ltd.
ISBN: 1848137281
Category : Political Science
Languages : en
Pages : 206
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Book Description
Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy.
Author: Yuen Yuen Ang
Publisher: Cornell University Press
ISBN: 1501706403
Category : History
Languages : en
Pages : 345
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Book Description
WINNER OF THE 2017 PETER KATZENSTEIN BOOK PRIZE "BEST OF BOOKS IN 2017" BY FOREIGN AFFAIRS WINNER OF THE 2018 VIVIAN ZELIZER PRIZE BEST BOOK AWARD IN ECONOMIC SOCIOLOGY "How China Escaped the Poverty Trap truly offers game-changing ideas for the analysis and implementation of socio-economic development and should have a major impact across many social sciences." ― Zelizer Best Book in Economic Sociology Prize Committee Acclaimed as "game changing" and "field shifting," How China Escaped the Poverty Trap advances a new paradigm in the political economy of development and sheds new light on China's rise. How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate. Combining this original lens with more than 400 interviews with Chinese bureaucrats and entrepreneurs, Ang systematically reenacts the complex process that turned China from a communist backwater into a global juggernaut in just 35 years. Contrary to popular misconceptions, she shows that what drove China's great transformation was not centralized authoritarian control, but "directed improvisation"—top-down directions from Beijing paired with bottom-up improvisation among local officials. Her analysis reveals two broad lessons on development. First, transformative change requires an adaptive governing system that empowers ground-level actors to create new solutions for evolving problems. Second, the first step out of the poverty trap is to "use what you have"—harnessing existing resources to kick-start new markets, even if that means defying first-world norms. Bold and meticulously researched, How China Escaped the Poverty Trap opens up a whole new avenue of thinking for scholars, practitioners, and anyone seeking to build adaptive systems.
