How Rich Countries Got Rich... and Why Poor Countries Stay Poor

ISBN-10: 1586486683
ISBN-13: 9781586486686
Edition: N/A
Authors: Erik S. Reinert
List price: $18.99
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Description: In this refreshingly revisionist history, Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investmentrather than through free trade. Yet when our leaders lecture poor  More...

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Book details

List price: $18.99
Publisher: PublicAffairs
Publication date: 10/7/2008
Binding: Paperback
Pages: 400
Size: 6.25" wide x 9.50" long x 1.25" tall
Weight: 1.320
Language: English

In this refreshingly revisionist history, Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investmentrather than through free trade. Yet when our leaders lecture poor countries on the right path to riches they do so in almost perfect ignorance of the fact that our economies were founded on protectionism long before they could afford the luxury of free trade. How Rich Countries Got Rich... will challenge economic orthodoxy and open up the debate on why self-regulating markets are not the best answer to our hopes of worldwide prosperity.

Foreword
Acknowledgements
List of Figures
Introduction
Discovering Types of Economic Theories
The Evolution of the Two Different Approaches
Emulation: How Rich Countries Got Rich
Globalization: the Arguments in Favour are also the Arguments Against
Globalization and Primitivization: How the Poor Get Even Poorer
Explaining Away Failure: Red Herrings at the End of History
Palliative Economics: Why the Millennium Goals are a Bad Idea
'Get the economic activities right', or, the Lost Art of Creating Middle-Income Countries
Appendices
David Ricardo's Theory of Comparative Advantage in International Trade
Two Different Ways of Understanding the Economic World and the Wealth and Poverty of Nations
Frank Graham's Theory of Uneven Development
Two Ideal Types of Protectionism Compared
Philipp von Hornigk's Nine Points on How to Emulate the Rich Countries (1684)
The Quality Index of Economic Activities
Notes
Bibliography
Index

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