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Examples
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Even knowledgeable trade skeptics who focus on trying to help poorer countries develop like the economist Ha-Joon Chang argue for rich nations moving more towards free trade – dropping trade barriers and farm subsidies.
Matthew Yglesias » Sherri Berman: Progressives Must Believe in Change 2009
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Cambridge Economist Ha-Joon Chang has written a number of books on this (and he has a great sense of humor).
Matthew Yglesias » Does Anybody Know How to Do Development? 2010
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South Korea was probably the classic case (Meredith Woo Cummings and Ha-Joon Chang are the authorities here), with the state directly allocating investment capital and foreign exchange to chaebols based on their market share in key export sectors.
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As Ha-Joon Chang has pointed out, building up the institutions and rules that the rich nations have built up – labor standards and protections, intellectual property regimes, effective environmental regulatory regimes, etc. – are rather expensive and often only saw real progress in rich nations as those countries became rich, in part through trade.
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You wrote: "Ha-Joon Chang leans quite a lot on the problem of patent law but, despite official LP policy, patent laws don't really have a place in free markets or property rights or the rule of law which suggests they are more of a state-based method of expropriation."
Real World Economics -- Protectionism Is Not Always Wrong Patrick Vessey 2008
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Ha-Joon Chang (Bad Samaritans), Naomi Klein (Shock Doctrine), and Ravi Batra (Greenspan's Fraud; The New Golden Age) can give you more details about what really happens with so-called free markets.
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Book Review - Bad Samaritans - Ha-Joon chang yahooBuzzArticleHeadline = 'Book Review - Bad Samaritans - Ha-Joon chang'; yahooBuzzArticleSummary = 'Article: A wonderfully accessible work providing strong arguments agaisnt the rhetoric of free market capitalism.'
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Ha-Joon Chang (Bad Samaritans), Naomi Klein (Shock Doctrine), and Ravi Batra (Greenspan's Fraud; The New Golden Age) can give you more details about what really happens with so-called free markets.
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I began the year determined to cure my ignorance about economics - and fell gratefully upon Ha-Joon Chang's 23 Things They Don't Tell You About Capitalism Allen Lane, £9.99.
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It was last modified at Barclaycard Platinum Credit Card with Extended Balance Transfer More Halifax Balance Transfer Credit Card More Sainsbury's Shopper Personal Loan Europe's leaders battle to keep faith with euro as Greek bailout flounders Ha-Joon Chang: 'Britain's political parties should wake up to reality' - video GKN climbs on motor show hopes, while FTSE adds 2% on Greek hopes and central bank move
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