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born 1963 South Korea
Ha-Joon Chang (Hangul: 장하준; hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in development economics. Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002).
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46 quotes
Almost all of today's rich countries used tariff protection and subsidies to develop their industries. Interestingly, Britain and the USA, the two countries that are supposed to have reached the summit of the world economy through their free-market, free-trade policy, are actually the ones that had most aggressively used protection and subsidies.
There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic attitude in the spirit of the famous remark by China’s former leader Deng Xiao-ping: 'it does not matter whether the cat is white or black as long as it catches mice.'
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
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.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
I... tell... how numbers in economics are defined and put together... not as... objective as... weight or... temperature...
Economics: The User's Guide (2014)
I try to reveal the assumptions underlying... theories so... readers can make... judgements about their realism and plausibility.
Economics: The User's Guide (2014)
American unemployment rate is nearly 30%. ...During the Great Depression the only other economic crisis comparable in scale... the highest unemployment rate in the US was in 1933... at 25%.
How to build a new society after the Covid 19 crisis (2020)
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