Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

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Bloomsbury Publishing USA, Aug 9, 2010 - Business & Economics - 288 pages
3 Reviews
Bad Samaritans was an introduction to open-minded economists and political free-thinkers to Ha-Joon Chang's theories of the dangers of free-trade. With irreverent wit, an engagingly personal style, and a keen grasp of history, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and others 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, a fact conveniently forgotten now that they want to compete in foreign markets. Chang's cage-rattling, contrarian history of global capital appeals to readers new to economic theory as well as members of the old school looking for a fresh take.

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Author's candid and revealing causes of enslavement of developing nations by the so-called first world economies thru instrumentality of capitalism and globalization.This book of history challenges the developed economies to proof by historical means how they developed out side their current prescriptions of free trade and globalization.In deed,this book is to Korea what ngugi wa theong o 's (How Europe underdeveloped Africa) is to Africa. 

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Excellent book. Well written with good references and annotations.


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About the author (2010)

Ha-Joon Chang, a Korean native, has taught at the Faculty of Economics, University of Cambridge, since 1990. He has worked as a consultant for numerous international organizations, including various UN agencies, the World Bank, and the Asian Development Bank. He has published 11 books, including Kicking Away the Ladder, winner of the 2003 Myrdal Prize. In 2005, Ha-Joon Chang was awarded the 2005 Leontief Prize for Advancing the Frontiers of Economic Thought.

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