How Rich Countries Got Rich and why Poor Countries Stay PoorConstable, 2007 - 365 pages
Reinert presents a strongly revisionist history of economics and shows how the discipline has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economics on the other. He argues that our economies were founded on protectionism and state activism 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 mass affluence. |
From inside the book
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... World Bank and the IMF . To receive support from the rich countries , poor countries had to refrain from using the policies the rich countries had used and often still use . These are the ' conditionalities ' of the Washington ...
... world economic order that maximizes world trade rather than world income . The argument used by the World Bank , and the economic theory that drives it , is that Peruvian industry was ' inefficient ' and ' not competitive ' . My point ...
... World Bank's ' star student ' of the former Second World . Mongolia opened its economy entirely almost overnight , and faithfully followed the advice given by the Washington institutions , the World Bank and the International Monetary ...
Contents
Discovering Types of Economic Theories | 1 |
The Evolution of the Two Different Approaches | 21 |
How Rich Countries Got Rich | 71 |
Copyright | |
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Other editions - View all
How Rich Countries Got Rich ... and Why Poor Countries Stay Poor Erik S Reinert Limited preview - 2019 |
How Rich Countries Got Rich ... and Why Poor Countries Stay Poor Erik S. Reinert No preview available - 2019 |