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
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If we are really serious about preventing another crisis like the 2008 meltdown, we should simply ban complex financial instruments unless they can be unambiguously shown to benefit society in the long run.
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We need to accept that consumption is not the end goal of our life and stop measuring our well-being simply on the basis of earnings. We need to explicitly take the quality of our work-related life into account in judging our well-being.
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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.
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Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually benefits them. For some people, it's not just about money and political power.
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Democracy, despite its limitations, is in the end the only way to ensure that policies do not simply benefit the privileged few.
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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.
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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.
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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.
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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.
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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.
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Few countries have become rich through free-trade, free-market policies, and few ever will.
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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.