Kicking Away the Ladder: Development Strategy in Historical Perspective: Policies and Institutions for Economic Development in Historical Perspective (Anthem Studies in Development and Globalization) Paperback – 1 Jul 2002
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'The most important book about the world economy to be published in years.' —'Prospect'
'This book is a joy: a fantastically useful teaching aid…a very necessary historical conscience in an age of amnesia.' —'The Business Economist'
'This is an intriguing book that raises important issues. Recommended.' —J. M. Nowakowski, Muskingum College, in ‘Choice’
‘Highly relevant to today’s debates about the role of policies and institutions in development as well as the role of government in general… It is a great contribution, not least for its historical approach, and will continue to influence the debate on development.’ —Seb Bytyçi, ‘ID: International Dialogue, A Multidisciplinary Journal of World Affairs’
'A provocative critique of mainstream economists' sermons directed to developing countries… It demands attention.' —Charles Kindleberger, Emeritus Professor of Economics, MIT|
'A scholarly tour-de-force… Essential reading for industrial policy-makers in the twenty-first century.' —Lance Taylor, Professor of Economics, New School University|
'…A lively, knowledgeable and original contribution to international political economy.' —John Toye, Professor of Economics, University of Oxford|
'…An original and immensely valuable contribution to current debates on development.' —Peter Evans, Professor of Sociology, University of California, BerkeleySee all Product Description
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Top Customer Reviews
A very understated book, and moderate in tone, yet its implications are momentous. It builds a strong case for saying the entire thrust of current international financial policies are hostile to development. I'd heartily recommend it.
He shows how Britain was the first country to perfect the art of infant industry promotion. Then he looks at the USA, which still has subsidies for its farmers, quotas for textiles, huge state spending on military R&D, trade sanctions against many other nations, and state funding for R&D in the pharmaceutical and biotechnology industries - all protectionist measures.
All the developed economies used active ITT policies, yet they now promote free trade for all, claiming that it will benefit all. Renato Ruggiero, the first Director of the World Trade Organisation [WTO], said in 1998 that this world order has `the potential for eradicating global poverty in the early part of the next century'.
But free trade policies have failed: they haven't delivered the promised growth. Free trade harms the less developed countries' national manufacturers and thus their prosperity in the long run.
A study of 116 countries showed that their GDP per head grew 3.1% a year with 1960-80's interventionist policies, but only 1.4% with the post-1979 Thatcherite policies. This study also proved that the quality of a society's institutions is not the key to growth; so does the similar slowdown in the developed countries since 1979.Read more ›
Dr Chang's central argument is that the trade policies the IMF, World Bank and several wealthy countries are trying to impose on poorer countries (free markets and trade, ease of entry for foreign competitors into other markets) were never properly adopted by the richer countries when they themselves were developing. In fact, Chang tells us, wealthy countries became wealthy by using protectionist strategies and high tariffs in order to protect their infant industries grow before they opened them out to external trade and competition.
Dr Chang underlines the hypocrisy of international economic bodies and richer countries in the field of economic development and offers a fresh perspective on how states can provide more wealth to their citizens and become more competitive in the domain of international trade.
Most Recent Customer Reviews
I recommend this product to all those who want to read about the other side of the coin in the mainstream global political economyPublished on 1 July 2014 by Luis Fernando Rosales Lozada
Not my type of book but my Grandson requested it for sixth form lessons and finds it interesting to readPublished on 11 Sept. 2013 by rosey
Lucidly written, detailed and data driven,this short but important book is a must read for anyone interested in development economics,even for non-specialists. Read morePublished on 6 Aug. 2013 by os
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