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There are concerns that the global value chains that have been built in the last few decades of globalization have become too concentrated, so if something goes wrong in one place, the whole chain is affected... It was already happening, but now.... people are saying... we need to do something about it.
— Ha-Joon Chang
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "There are concerns that the global value chains that have been built in the last few decades of globalization have become too concentrated, so if something goes wrong in one place, the whole chain is affected... It was already happening, but now.... people are saying... we need to do something about it." in the context of "" to mean that wisdom is timeless.
Source:
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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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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