February 1, 2008
Why the World Isn't Flat: The Truth About Globalization and the Secret History of Capitalism
12:30 - 2:00 PM
New America Foundation
According to the conventional wisdom popularized by Thomas Friedman, countries can grow rich only by means of unfettered capitalism and pure free trade. In his controversial book, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, CEPR Senior Research Associate, Ha-Joon Chang takes aim at this orthodoxy. Combining irreverent wit with scholarly rigor, Chang shows that nations like the U.S. that achieved their present wealth by means of economic nationalism now preach an entirely different set of policies to the developing world, via the World Bank, International Monetary Fund and World Trade Organization. Chang calls on us not only to re-evaluate the policies we promote to countries seeking to grow rich, but also to become reacquainted with our own forgotten economic history.
This event was hosted and co-sponsored by the New America Foundation, and New America Foundation Whitehead Senior Fellow Michael Lind introduced Ha-Joon.