Home
/
Non-Fiction
/
Bad Samaritans
Bad Samaritans
Oct 6, 2024 10:32 AM

Author:Ha-Joon Chang

Bad Samaritans

It's rare that a book appears with a fresh perspective on world affairs, but renowned economist Ha-Joon Chang has some startlingly original things to say about the future of globalization. In theory, he argues, the world's wealthiest countries and supra-national institutions like the IMF, World Bank and WTO want to see all nations developing into modern industrial societies. In practice, though, those at the top are 'kicking away the ladder' to wealth that they themselves climbed.

Why? Self-interest certainly plays a part. But, more often, rich and powerful governments and institutions are actually being 'Bad Samaritans': their intentions are worthy but their simplistic free-market ideology and poor understanding of history leads them to inflict policy errors on others. Chang demonstrates this by contrasting the route to success of economically vibrant countries with the very different route now being dictated to the world's poorer nations. In the course of this, he shows just how muddled the thinking is in such key areas as trade and foreign investment. He shows that the case for privatisation and against state involvement is far from proven. And he explores the ways in which attitudes to national cultures and political ideologies are obscuring clear thinking and creating bad policy. Finally, he argues the case for new strategies for a more prosperous world that may appall the 'Bad Samaritans'.

Reviews

A smart, lively and provocative book that offers us compelling new ways to look at globalization

—— Joseph E. Stiglitz, Nobel laureate in Economics, 2001

Every orthodoxy needs effective critics. Ha-Joon Chang is probably the world's most effective critic of globalization. He does not deny the benefits to developing countries of integration into the world economy. But he draws on the lessons of history to argue that they must be allowed to integrate on their own terms

—— Martin Wolf, Financial Times, author of 'Why Globalization Works'

This is a marvellous book. Well researched, panoramic in its scope and beautifully written, Bad Samaritans, is the perfect riposte to devotees of a one-size-fits-all model of growth and globalization. I strongly urge you to read it

—— Larry Elliott, Economics Editor, Guardian

In this more polemical tract, [Chang] adds the spark of personal reflection ... and some mischievous rhetorical set-pieces.

—— The Economist

This is an excellent book...deploys the logical discipline of economics and its engagement with quantitative evidence, but does so in jargon-free prose that sparkles with anecdotes and practical observations.

—— International Affairs

... probably the world's most effective critic of globalization

—— Martin Wolf

'Lucid, deeply informed and enlivened with striking illustrations, this penetrating study could be entitled "economics in the real world"

—— Noam Chomsky

The West hopes that wealth, globalization and political integration will turn China into a gentle giant... But Jacques says that this is a delusion. Time will not make China more Western; it will make the West, and the world, more Chinese

—— The Economist

A riveting and frankly alarming account of the state of the economy... I doubt I will read a more important book this year

—— Mail on Sunday

I don't think I have ever needed a book more than I needed this book.

—— Dr Soph, Sunday Times bestselling author of A Manual for Being Human

You will not be able to put this book down.

—— The Independent

I inhaled it in one sitting. It made my shoulders drop three inches by the time I'd read the first chapter. Why? It is a permission slip to escape 'the achievement trap'.

—— Metro

Incredibly vivid

—— Press Association

I've read lots of books about economics this last year. This is one of the very best... Superb

—— Standard

A fluent and indirect paean to Keynesian economics... this resonates with the contemporary turmoil in global financial markets

—— Financial Times

Ahamed unravels the story of the most terrible financial collapse in history from the perspective of the four men who were largely responsible: the leading central bankers in the United States, Britain, France and Germany

—— Mail on Sunday

[a] very readable portrait of the bankers who allowed the Great Depression to happen

—— Telegraph

Possibly the most important political book that I have read since The Spirit Level

—— Stuart Weir, co-founder of Charter 88, former editor of the New Statesman

He has prised the lid off an important and terrifying can of worms

—— Martin Vander Weyer , Literary Review

Lively and well written book

—— Toby Young , Mail on Sunday

A welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich

—— Geoffrey Robertson , New Statesman, Books of the Year

Shaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting

—— William Leith , Evening Standard

A compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time

—— Peter Magee , Bookbag

What makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues

—— John Arlidge , Sunday Times

This book is a must-read for anyone who wants to understand the world we live in

—— Brian Maye , Irish Times

This engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"

—— Boyd Tonkin , Independent

[An] informed polemic against finance capital

—— Oliver Kamm , The Times

Now more than a decade old, this is still the best introduction to the world of tax havens

—— Economist, *Summer Reads of 2022*
Comments
Welcome to zzdbook comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2024 - www.zzdbook.com All Rights Reserved