Why the World Isn't Flat
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According to the conventional wisdom popularized by Thomas Friedman, countries can grow rich only by means of unfettered capitalism and pure free trade. In his controversial book, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Ha-Joon Chang takes aim at this orthodoxy. Combining irreverent wit with scholarly rigor, Chang shows that nations like the U.S. that achieved their present wealth by means of economic nationalism now preach an entirely different set of policies to the developing world, via the World Bank, International Monetary Fund and World Trade Organization. Chang calls on us not only to re-evaluate the policies we promote to countries seeking to grow rich, but also to become reacquainted with our own forgotten economic history.Ha-Joon Chang has been described by one economist as "the most exciting thinker our profession has turned out in the past fifteen years." He teaches at Cambridge University, where he received his Master's degree and doctorate. A consultant for the Wold Bank, the Asian Development Bank, the UN and other international organizations, he was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought in 2005. His book Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), which received the Myrdal Prize, was acclaimed by the eminent MIT economist Charles Kindleberger as "a provocative critique of mainstream economists' sermons directed to developing countries."
Channel: News & Politics
Uploaded: December 31, 1969 at 5:59 pm
Author: NewAmericaFoundation
Length: 10:44
Rating: 4.91
Views: 14160
Tags: Capitalism Countries Developing Economics Economy History
Video Comments
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IrrigatedPancake (December 31, 1969 at 5:59 pm)
At least he knows enough to realize he's pushing Hamilton's terrible ideas, that we're reaping the benefits of now.
dk418 (December 31, 1969 at 5:59 pm)
About a question on the great depression, during the talk, Smoot-hawley tariff act was in 1930, who was that dork that interrupted Chang and said it was 1931?!! Chang was like "it was 1930, but whatever you say"
ferretassasin (December 31, 1969 at 5:59 pm)
wow thats long...
IndyDoug (December 31, 1969 at 5:59 pm)
This video is a must see for free market cheerleaders and fans of the University of Chicago School of Economics.
o0xst (December 31, 1969 at 5:59 pm)
A cross between Chomsky and Long Duck Dong. Can't possibly beat that. Chang is the man!
intifada2008 (December 31, 1969 at 5:59 pm)
Bad Samaritans - great book, you rock Chang
bach2berylium (December 31, 1969 at 5:59 pm)
oops! *Hurray, not hurry!
bach2berylium (December 31, 1969 at 5:59 pm)
Wow, you have no idea, do you? So anyone who doesn't follow neoclassical economic "logic" is a Marxist? (Plus, the USSR was hardly following Marx's tenets...) Did you actually watch this? I'm guessing not, because you don't want to see that your baseless hyperstylized economic views don't fit with what's actually happening in the real world. Hurry for post-Keynesian heterodox economics!
bach2berylium (December 31, 1969 at 5:59 pm)
Chang is simply amazing. Since neoclassical economics is so ridiculous, he refutes it with the most effective weapon--humor (along with indisputable logic and data).
adventurousvictor (December 31, 1969 at 5:59 pm)
LOL. |