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


Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism  
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Binding: Hardcover
Dewey Decimal Number: 382.71
EAN: 9781596913998
ISBN: 1596913991
Label: Bloomsbury Press
Manufacturer: Bloomsbury Press
Number Of Items: 1
Number Of Pages: 288
Publication Date: December 26, 2007
Publisher: Bloomsbury Press
Release Date: December 26, 2007
Studio: Bloomsbury Press


Related Items: Featured Listmania! Editorial Review:
A rising young star in the field of economics attacks the free-trade orthodoxy of The World Is Flat head-on—a crisp, contrarian history of global capitalism.
One economist has called Ha-Joon Chang “the most exciting thinker our profession has turned out in the past fifteen years.” With Bad Samaritans, this provocative scholar bursts into the debate on globalization and economic justice. Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the “World Is Flat” orthodoxy of Thomas 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, International Monetary Fund, and World Trade Organization—ramming policies that suit ourselves down the throat of the developing world.
Unlike typical economists who construct models of how the marketplace should work, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct—but developed our own industries by studiously copying others’ technologies. We insist that centrally planned economies stifle growth—but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on nations that are struggling to follow in our footsteps.


Customer Reviews
Average Rating:  out of 5 stars

Rating:  out of 5 stars - An argument for state-driven economic management
Critics of free trade tend to fall into two camps, irrational and rational. The irrational camp includes hard core socialists and developed world nationalists such as Lou Dobbs, who have an almost religious belief in certain statist policies as some sort of recipe for broad based prosperity absent much evidence and they simply ignore any evidence that policies such as protectionism may do more harm than good. Ha-Joon Chang falls into the second group. His book is generally quite well written ... Read More



Rating:  out of 5 stars - A number of good points; much demagoguery
This book attacks orthodoxies of the World Bank, IMF, WTO, neo-liberal economists, free-market economists, and pundits such as Thomas Friedman. Chang often implies that they all share a common orthodoxy, but the ideas he attacks are usually questioned by some of those groups.
His criticisms of the World Bank, IMF, and WTO are often correct, but it shouldn't be surprising that they serve goals that don't coincide with needs of developing countries.
His most important argument is a defense ... Read More



Rating:  out of 5 stars - Very different perspective of free trade
Although this book is difficult to read, it does offer a perspective of the negative effects of free trade agreements (and all that comes with them; patents, tariffs, subsidies, etc.) have on developing countries. It uses history as a guide to analyze how developed countries have developed and how the growth of developing countries were hindered by the action of the developed countries.



Rating:  out of 5 stars - Bad Samaritans
This is one economics text that should be read by everyone. Ha-Joon Chang the author, puts Free Trade and unfettered Capitalism within a historical and even political perspective. Along with an earlier book, "Kicking Away the Ladder: Development Strategy in Historical Perspective" he gives sufficient and tangible real world examples of how developing nations and infant & growing industries need tariffs and import substitution to both survive and thrive. An alternative title might be; Genuine & ... Read More



Rating:  out of 5 stars - Excellent analysis for every developing country citizen
Coming from Turkey where all the illnesses and problems caused by the attitudes of the "Bad Samaritans" in this book are visible, I strongly recommend this valuable collection of arguments and examples to every developing country government official, especially to my own.

The arguments in the book cleverly and clearly demonstrates how IMF, The World Bank and WTO trio pressures developing countries for strictly following free-trade practices while the country's citizens suffer under well developed ... Read More


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