"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 T homas 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, I nternational Monetary Fund, and World T rade
Organization--ramming policies that suit ourselves down the throat
of the developing world.
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