Ha-Joon Chang Rich Quotations

As someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.

Few countries have become rich through free-trade, free-market policies, and few ever will.

Making rich people richer doesn't make the rest of us richer.

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.

Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.