“Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.”
Quote by Ha-Joon Chang
Work
Bad Samaritans: rich nations, poor policies, and the threat to the developing world
This book analyzes the effects of economic policies from wealthy countries on the economic development and stability of poorer nations. more
Author
Ha-Joon Chang
Ha-Joon Chang is a Korean-born economist known for his research on development economics and issues of globalization. His works, such as '23 Billion People's Challenge' and 'Kicking Away the Ladder', challenge traditional development theories and propose new models of development. more
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