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)

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.

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Ha-Joon Chang

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.