Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Paperback – December 23, 2008
|New from||Used from|
Top 20 lists in Books
View the top 20 best sellers of all time, the most reviewed books of all time and some of our editors' favorite picks. Learn more
Frequently Bought Together
Customers Who Bought This Item Also Bought
From Publishers Weekly
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
“A well-researched and readable case against free-trade orthodoxy.” —Business Week
“A lively addition to the protectionist side of the debate…well written and far more serious than most anti-globalization gibberish.” — New York Sun
“Bookstore shelves are loaded with offerings by economists and commentators seeking to explain, in accessible prose, why free-trade-style globalization is desirable and even indispensable for countries the world over. Now comes the best riposte from the critics that I have seen. Readers who are leery of open-market orthodoxy will rejoice at the cogency of Bad Samaritans. Ha-Joon Chang has the credentials -- he's on the economics faculty at Cambridge University -- and the storytelling skill to make a well-informed, engaging case against the dogma propagated by globalization's cheerleaders. Believers in free trade will find that the book forces them to recalibrate and maybe even backpedal a bit….Chang's book deserves a wide readership for illuminating the need for humility about the virtues of private markets and free trade, especially in the developing world.” —Paul Blustein, Washington Post
“Lucid, deeply informed, and enlivened with striking illustrations, this penetrating study could be entitled “economics in the real world.” Chang reveals the yawning gap between standard doctrines concerning economic development and what really has taken place from the origins of the industrial revolution until today. His incisive analysis shows how, and why, prescriptions based on reigning doctrines have caused severe harm, particularly to the most vulnerable and defenseless, and are likely to continue to do so. He goes on to provide sensible and constructive proposals, solidly based on economic theory and historical evidence, as to how the global economy could be redesigned to proceed on a far more humane and civilized course. And his warnings of what might happen if corrective action is not taken are grim and apt.” – Noam Chomsky
“A smart, lively, and provocative book that offers us compelling new ways of looking at globalization.” —Joseph Stiglitz, 2001 Nobel Laureate in Economics
“I recommend this book to people who have any interest in these issues—i.e. everyone.” —Bob Geldof
“Every orthodoxy needs effective critics. Ha-Joon Chang is probably the world’s most effective critic of globalization. He does not deny the benefits to developing countries of integration into the world economy. But he draws on the lessons of history to argue that they must be allowed to integrate on their own terms.” —Martin Wolf, Financial Times, author of Why Globalization Works
“This is a marvelous book. Well researched, panoramic in its scope and beautifully written, Bad Samaritans is the perfect riposte to devotees of a one-size-fits-all model of growth and globalisation. I strongly urge you to read it.”—Larry Elliott, economics editor, the Guardian
More About the Author
Top Customer Reviews
Dr. Chang, a professor of economics at Cambridge and former World Bank researcher, deconstructs in general and in detail many of the prevailing myths of the neo-liberal school of economic development. My favorite chapters were these two:
Chapter 1-The Lexus and the olive tree revisited. In this chapter Dr. Chang explains why he thinks that NYT columnist and author Thomas Friedman is full of crap about the benefits of globalization for ordinary people [pages 19-40].
Chapter 3-My six-year-old son should get a job. Says Chang: "I have a six-year-old son. His name is Jin-Gyu. He lives off me, yet is quite capable of making a living. I pay for his lodging, food, education and health care. But millions of children of his age already have jobs. Daniel Defoe, in the 18th century, thought that children could earn a living from the age of four. Moreover, working might do Jin-Gyu's character a world of good. Right now he lives in an economic bubble with no sense of the value of money. He has zero appreciation of the efforts his mother and I make on his behalf, subsidizing this idle existence and cocooning him from harsh reality. He is over-protected and needs to be exposed to competition, so that he can become a more productive person.Read more ›
"Bad Samaritans," as Chalmers Johnson points out, refers to "people in the rich countries who preach free markets and free trade to the poor countries in order to capture larger shares of the latter's markets and preempt the emergence of possible competitors." They are saying "do as we say, not as we did" and take advantage of others who are in trouble. He also points out that all of today's rich countries (INCLUDING the U.S.) used protection and subsidies to encourage their manufacturing industries - anathema in today's economic orthodoxy and contrary to the WTO, IMF, and World Bank. As a result, third-world nations' growth rates have fallen to less than half of that recorded in the 1960s (1.7 percent instead of 4.5 percent).
As for corruption being incompatible with high growth, Chang points to Zaire vs. Indonesia. Both suffered from murderous corruption, yet the former's living standards fell two-thirds while Indonesia's tripled.Read more ›
The author comes down solidly in favor of protectionism, foreign investment controls, state-owned enterprises, avoidance of privatization, not allowing patents to clash with the public interest, the need to defy the marketplace and respect the role of manufacturing, and the influence of culture (and changing the culture through government direction).
This is a nuanced book that trashes the neo-liberals while speaking truth to power. On any given prescrption, the author will say "it depends" and avoid leaning to one extreme over another.
He touches on democracy as not necessarily good for developement, and corruption not necessarily bad.
Other books that I respect as much as this one:
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It
The End of Poverty: Economic Possibilities for Our Time
The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (Wharton School Publishing Paperbacks)
...Read more ›
Most Recent Customer Reviews
All it takes is clear thinking, the absence of jargon and obfuscation, and a bit of experience and Chang devastates demonic neo-liberal economics. Read morePublished 19 days ago by D. R. Martz
Of course this is the best book you could ever find about the true history of capitalism.Published 1 month ago by Mirnus Dracontias
Mr Chang is a surprizingly good writer. Im really enjoying the read. I would recommend it for anyone who wants to understand more about economics and the "free-market". Read morePublished 2 months ago by Coyote
A very necessary book to read in our times of financial crisis and inequality! Everyone should educate themselves about this important topic that affects our daily lives. Read morePublished 2 months ago by Barbara P.H.
Just as some people can’t tell a joke, it seems that other people can’t write a book. Author Ha-Joon Chang attempts to make the case that American-led global intervention efforts... Read morePublished 4 months ago by John R. Holmes, Jr.
Perfect. New, cheap, and got it in time for my class! Which is really important and a point other sellers miss. So thank you!!Published 5 months ago by Kami5117
Citing historical evidence, the author argues against the neoliberal ideology and free-trade policies so pushed forward onto the developing countries by the "Bad... Read morePublished 5 months ago by Michael Lai