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

14.99 €
In stock
How Rich Countries Got Rich, and Why Poor Countries Stay Poor
14.99 €
In basket
In this book, renowned Norwegian economist Erik Reinert demonstrates that rich countries became rich through a combination of government intervention, protectionism, and strategic investment, not through free trade. He argues that this policy has been the key to successful economic development, from Renaissance Italy to today's Southeast Asian countries. Showing that modern economists ignore this approach while insisting on the importance of free trade, Reinert attributes this to a long-standing schism in economics between the continental European tradition, focused on comprehensive public policy, on the one hand, and the Anglo-American tradition, focused on free trade, on the other. Written in accessible language, the book will be of interest not only to specialists in economic history and theory but also to a general readership.
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