“Contrary to the conventional wisdom, the historical fact is that the rich countries did not develop on the basis of the policies and the institutions that they now recommend to, and often force upon, the developing countries. Unfortunately, this fact is little known these days because the 'official historians' of capitalism have been very successful in re-writing its history.”

— Ha-Joon Chang

"What is Wrong with the 'Official History of Capitalism'?", in Edward Fullbrook (ed.), A Guide to What's Wrong with Economics (2004), p. 280

Adopted from Wikiquote. Last update Oct. 8, 2024. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Contrary to the conventional wisdom, the historical fact is that the rich countries did not develop on the basis of the…" by Ha-Joon Chang?

Ha-Joon Chang44

Economist 1963

Related quotes

“The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved in recommending free trade and free market to developing countries.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Prologue, p. 16
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

“The council uh, forced me to leave the, the country. That was officially, but, in fact, you know, it's 'n…uh…there are many books writing of that, that, that uh incident and the American official in Saigon are very pleased at that time to see me uh out of the country.”

Nguyen Khanh (1927–2013) South Vietnamese soldier

American escalation and forcing out of Nguyen Khanh
1980s, Interview with Nguyen Khanh (1981)

“For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of non-Keynesian economists or, for that matter, non-economists.”

Thomas J. Sargent (1943) American economist

Robert Lucas, Jr. and Thomas J. Sargent, "After Keynesian macroeconomics", After the Phillips Curve: Persistence of High Inflation and High Unemployment (1978).

Robert Lucas Jr. (1937) American economist

"After Keynesian macroeconomics" 1978

“Not only has capitalism not entered into its final crisis anywhere in the world, but Fascism was first successful in marginally industrialized Italy—in a nation that had only begun its industrial development. Italian industrial capitalism was hardly at the end of its life cycle. It was at little more than its commencement. Moreover, subsequent movements elsewhere in Europe that have been characterized as fascist proved to 'have been most successful in mobilizing lower classes in underdeveloped… countries.”

A. James Gregor (1929–2019) American political scientist

Source: Young Mussolini and the Intellectual Origins of Fascism, (1979), pp. 18-19

“Centuries of growth in advanced economies have left little carbon space for the developing world, challenging their growth. The thin lines of balancing economic development and protection of the environment will remain a great challenge in future development policy-setting. It is therefore critical that developed countries honour their commitments and compensate damage to the environment, on the basis of common but differentiated responsibilities.”

Mahinda Rajapaksa (1945) Prime Minister of Sri Lanka

United Nations, Sri "Lanka urges UN to study global inequality, failure to lift millions out of poverty" http://www.un.org/apps/news/story.asp/html/story.asp?NewsID=45978&Cr=general+assembly&Cr1=, 24 September 2013.

“We have a peculiar interest because the true defence of our country, owing to scientific development, is now no longer the Channel…but upon the Rhine.”

Austen Chamberlain (1863–1937) British politician

Speech at the Imperial Conference, 1926.
1920s

“It has become ever clearer that underdevelopment is the end result of a process. Therefore, it must be studied from a historical perspective, that is, in relationship to the development and expansion of the great capitalist countries. The underdevelopment of the poor countries, as an overall social fact, appears in its true light: as the historical by-product of the development of other countries. The dynamics of the capitalist economy lead to the establishment of a center and a periphery, simultaneously generating progress and growing wealth for the few and social imbalances, political tensions, and poverty for the many.”

Gustavo Gutiérrez (1928) Peruvian theologian

Source: A Theology of Liberation (1971), p. 54

“Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 2, Learning the right lessons from history, p. 61
Context: 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.

“The people of South Dakota are taking the lead in the preparation of this memorial out of their meager resources, because the American spirit is strong among them. Their effort and courage entitles them to the sympathy and support of private beneficence and the national government. They realize fully that they have no means of succeeding in the development of their state except a strong reliance upon American institutions. They do not fail to appreciate their value. There is no power that can stay the progress of such a people. They are predestined to success. Our Country is fortunate in having the advantage of their citizenship. They have been pioneers in the development of their State. They will continue to be pioneers in the defense and development of American institutions.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Address at the Black Hills (1927)

Help us to complete the source, original and additional information

Ha-Joon Chang44

Related quotes

Related topics