Frases de Ha-Joon Chang (44 citações, página 2)

Ha-Joon Chang: 44 citações 0 Curtidas

Ha-Joon Chang: Frases em inglês

“Culture changes with economic development.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9: 'Lazy Japanese and thieving Germans; Are some cultures incapable of economic development?', Lazy Japanese and thieving Germans, p. 196

“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.”

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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

“Low inflation and government prudence may be harmful for economic development.”

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

Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

“Producers in developing countries entering new industries need a period of (partial) insulation from international competition (through protection, subsidies and other measures) before they can build up their capabilities to compete with superior foreign producers. Of course, when the infant producers 'grow up' and are able to compete with the more advanced producers, the insulation should go. But this has to be done gradually. If they are exposed to too much international competition too soon, they are bound to disappear.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, Poor theory, poor results, p. 73

“History is on the side of the regulators.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 4: 'The Finn and the elephant; Should we regulate foreign investment?', ‘More dangerous than military power’, p. 96

“Manufacturing is the most important…route to prosperity.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9, Why manufacturing matters, p. 215

“Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 174

“The foundation of economic development is the acquisition of more productive knowledge.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6, Harsh rules and developing countries, p. 142

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

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Ha-Joon Chang livro 23 Things They Don't Tell You About Capitalism

Thing 13
23 Things They Don't Tell You About Capitalism (2010)

“All the alleged key causes of SOE [State-Owned Enterprise] inefficiency—the principal-agent problem, the free-rider problem and the soft budget constraint—are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership—it is between concentrated and dispersed ownerships.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 5: 'Man exploits man; Private enterprise good, public enterprise bad?', The pitfalls of privatization, p. 116

“Ricardo's theory is absolutely right—within its narrow confines. His theory correctly says that, accepting their current levels of technology as given, it is better for countries to specialize in things that they are relatively better at. One cannot argue with that. His theory fails when a country wants to acquire more advanced technologies—that is, when it wants to develop its economy. It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries. Ricardo's theory is, thus seen, for those who accept the status quo but not for those who want to change it.”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 2: 'The double life of Daniel Defoe; How did the rich countries become rich?', The double life of the British economy, p. 47

“It's not just about the current economic environment. History shows that slashing budgets always leads to recession.”

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Ha-Joon Chang

"Austerity has never worked" http://www.guardian.co.uk/commentisfree/2012/jun/04/austerity-policy-eurozone-crisis, The Guardian, 4 June 2012.

“The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies – not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract.”

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Ha-Joon Chang

"The root of Europe's riots" http://www.guardian.co.uk/commentisfree/2012/sep/28/europe-riots-root-imf-austerity, The Guardian, 28 September 2012.

“Are you still convinced that inflation is incompatible with economic success?”

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

Fonte: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 7: 'Mission impossible?; Can financial prudence go too far?', There is inflation and there is inflation, p. 149
Contexto: Inflation is bad for growth—this has become one of the most widely accepted economic nostrums of our age. But see how you feel about it after digesting the following piece of information.
During the 1960s and the 1970s, Brazil's average inflation rate was 42% a year. Despite this, Brazil was one of the fastest growing economies in the world for those two decades—its per capita income grew at 4.5% a year during this period. In contrast, between 1996 and 2005, during which time Brazil embraced the neo-liberal orthodoxy, especially in relation to macroeconomic policy, its inflation rate averaged a much lower 7.1% a year. But during this period, per capita income in Brazil grew at only 1.3% a year.
If you are not entirely persuaded by the Brazilian case—understandable, given that hyperinflation went side by side with low growth in the 1980s and the early 1990s—how about this? During its 'miracle' years, when its economy was growing at 7% a year in per capita terms, Korea had inflation rates close to 20%-17.4% in the 1960s and 19.8% in the 1970s. These were rates higher than those found in several Latin American countries... Are you still convinced that inflation is incompatible with economic success?