Ha-Joon Chang
Ha-Joon Chang
Ha-Joon Changis 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. Chang was ranked by Prospect magazine as one of the top 20 World Thinkers in 2013...
NationalitySouth Korean
ProfessionEconomist
Date of Birth7 October 1963
countries few rich
Few countries have become rich through free-trade, free-market policies, and few ever will.
countries developing money problem rich simply
As someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.
country rich-countries socialism
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.
country past rich-countries
Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.
people wealth rich
Making rich people richer doesn't make the rest of us richer.
arthur conan koreans
I used to joke that I came to England - not to the U.S. where most Koreans go - because I like Arthur Conan Doyle and Agatha Christie.
ahead created federal frontier government people private result sector technology
Many people think that the U.S. is ahead in the frontier technology sectors as a result of private sector entrepreneurship. It's not. The U.S. federal government created all these sectors.
allow came countries iran trade
Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we'd have no tax havens in the world.
notion public supported therefore work
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
music
I like all kinds of music - classical, pop, rock, electronic.
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Imagine if all those kings and dukes hadn't commissioned those crazy cathedrals, paintings and music... we'd still be living in sticks and mud. Because none of those things made any economic sense. Human beings' capacity to 'waste time' is a miracle - but that's exactly what art is for.
art message whatever
As a consumer, I don't create art, but I think whatever the message is, art has to touch you.
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Without there being some national strategy, it is difficult for educators to know what kinds of engineers or technicians to produce and for potential students to know what professions to study for.
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The feeling of insecurity is inimical to our sense of wellbeing, as it causes anxiety and stress, which harms our physical and mental health. It is no surprise then that, according to some surveys, workers across the world value job security more highly than wages.