How Rich Countries Got Rich ... and Why Poor Countries Stay Poor

Front Cover
PublicAffairs, 2007 M08 22 - 320 pages
In this refreshingly revisionist history, Erik Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment, rather than through free trade. Reinert suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East. Yet despite its demonstrable sucess, orthodox developemt economists have largely ignored this approach and insisted instead on the importance of free trade. Reinart shows how the history of economics has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economies on the other. Our economies were founded on protectionism and state activism—look at China today—and could only later afford the luxury of free trade. When our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of national affluence.

From inside the book

Contents

Discovering Types of Economic Theories
1
The Evolution of the Two Different Approaches
21
How Rich Countries Got Rich
71
Copyright

8 other sections not shown

Other editions - View all

Common terms and phrases

About the author (2007)

Erik S. Reinert, author of Globalization, Economic Development and Inequality: An Alternative Perspective (2004), is Professor of Technology, Governance and Development Strategies at Tallinn University of Technology, Estonia, and President of The Other Canon Foundation, Norway. He is one of the world's leading heterodox development economists.

Bibliographic information