Ha-Joon Chang Quotes


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.


Citations

Chang, Ha-Joon. Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. Bloomsbury Press, 2008.

Related Quotes

This has been true for a long time. The United States in its colonial days and its early days of independence stole huge amounts, especially from England. The Lowells stealing the technology and machines for weaving cloth from English companies is one dramatic example. Another is the fact that we did not recognize the copyright laws until the middle of the 19th century. American publishers, including Benjamin Franklin, stole most of the material they published. Thomas Jefferson was a foe of government protection of intellectual property—{605105}.


This same argument was used before and since to justify protecting domestic manufacturing from foreign competition until it can mature sufficiently to compete in a global economy. One difficulty occurs if protective tariffs are imposed for this reason. The manufacturers protected never seem to reach the point where they can compete without the subsidy.


Ha-Joon Chang
Ha-Joon Chang
  • Born: October 7, 1963
  • Nationality: South Korean
  • Profession: Economist

Ha-Joon Chang is a South Korean institutional economist, specialising in development economics. Currently he is a reader in the Political Economy of Development at the University of Cambridge. Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013, Prospect magazine ranked Chang as one of the top 20 World Thinkers.