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"How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed
by beckman466 5y ago
"How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. Adopting a historical approach, Dr Chang finds that the economic evolution of now-developed countries differed dramatically from the procedures that they now recommend to poorer nations. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing counties from adopting policies and institutions that they themselves have used."
-- Ha-Joon Chang, Kicking Away the Ladder: Development Strategy in Historical Perspective
source: https://anthempress.com/kicking-away-the-ladder-pb https://anthempress.com/kicking-away-the-ladder-pb
- FooBarBizBazz 5y agoThis is roughly the thesis of How Asia Works: You need industrial policy. So... yes you do need good institutions (low corruption, etc), but that doesn't mean doing what the World Bank tells you to (what is normally meant by "good institutions").