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Quote by Ha-Joon Chang

“As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.”

Quote by Ha-Joon Chang

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

This book delves into the historical and economic implications of free trade and capitalism, challenging common perceptions and offering an in-depth analysis of their effects. more

Author

Ha-Joon Chang
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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