So the two champions of free trade, Britain and the US, were not only not free trade economies, but have been the two most protectionist economies among rich countries, i.e. until they each in succession became the world’s dominant industrial power.
Author: Ha-Joon ChangOur story of bus drivers reveals the existence of the proverbial elephant in the room. It shows that the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.
Author: Ha-Joon ChangThe rich countries also contribute to the brain drain from developing countries by more willingly accepting people with higher skills. These are people who could have contributed more to the development of their own countries than unskilled immigrants, had they remained in their home countries.
Author: Ha-Joon ChangAs someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.
Author: Ha-Joon ChangRich 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.
Author: Ha-Joon Chang