Bad Samaritans

Product 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 & supra-national institutions like the IMF World Bank & 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 & powerful governments & institutions are actually being ' Bad Samaritans': their intentions are worthy but their simplistic free-market ideology & 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 & foreign investment. He shows that the case for privatisation & against state involvement is far from proven. & he explores the ways in which attitudes to national cultures & political ideologies are obscuring clear thinking & creating bad policy. Finally he argues the case for new strategies for a more prosperous world that may appall the ' Bad Samaritans'.