Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Ch. 2, Learning the right lessons from history, p. 61 (2008)
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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.
— Ha-Joon Chang on Free trade
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "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." in the context of "Ha-Joon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Ch. 2, Learning the right lessons from history, p. 61 (2008)" to mean that wisdom is timeless.
Source: Wikiquote: "Free trade" (Quotes)
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About Ha-Joon Chang
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). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.
About Ha-Joon Chang
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). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.
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