We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Bad samaritan: The myth of tread and the secret history of capitalism by ha-joon Chang - Book Report/Review Example

Comments (0)
CRITICAL ANALYSIS OF THE BOOK “BAD SAMARITANS: THE MYTH OF FREE TRADE AND SECRET HISTORY OF CAPITALISM” The author of the book, Ha-Joon Chang has specialized in developing economics and is one of the leading economists worldwide. He was a past consultant to the World Bank, the European Investment Bank, the Asian Development Bank, and Oxfam and to the various agencies in United States…
Download full paper
Bad samaritan: The myth of tread and the secret history of capitalism by ha-joon Chang
Read TextPreview

Extract of sample
Bad samaritan: The myth of tread and the secret history of capitalism by ha-joon Chang

Download file to see previous pages... The book has unveiled the truth of the world’s economy and discussed the trade policy, regulation of foreign investment, intellectual property rights, privatization, and other economic issues like democracy, corruption and aspects of culture, all from a very different perspective. One can tell from title of the book that says free trade is nothing more than a myth, a thing that has no presence in the reality and that exists in economic theories and books only. If you look at the economic practices of all the developed and rich countries you would find that none of them is letting the market work freely. Free trade has no reality rather it has hidden a truth of capitalism behind it. The author has tagged rich countries and the international organizations (IMF, World Bank, WTO) that are monitored by these rich countries, as Bad Samaritans. Author has used such words because of the fact that these international organizations are being controlled by the rich countries, and ultimately only those policies are recommended or even imposed that both of them mutually agree on. These policies are apparently made to help the developing countries but the truth is that these policies have never been able to get any positive results or bring any improvement in the economies. Moreover, the rich countries, which make such policies, do not use those policies themselves when it comes to them. Hence, by the act of helping the developing countries, Bad Samaritans end up harming and manipulating them. Supporting his arguments, Chang has further stated that looking back at the past of western industrial countries it has been seen that they have never followed a policy of free trade until they had achieved a form of industrial supremacy. The western countries that apparently follow the free trade for the economic development of the world has never actually done anything for the under developed countries. There are different insights and references given by the author at various points throughout the book to support his arguments and give relevance to the reality. Chang says that all the current economically developed and wealthy countries did not accumulated their wealth through free trade rather than they achieved it by implying highly protective tariffs, subsidies and laws for the regulation of foreign business within the country. According to him this truth was buried by one of the biggest myths of capitalist free trade and that it brings successes with globalization. It is not the free trade, nothing else but the protectionism that has been making these developed countries successful since years. DISCUSSION AT U.S. ECONOMY IN THE BOOK The book has done some analysis of the U.S. economy, discussed the strengths and weaknesses and the overall performance of American economy at certain places. It has often done a comparison and contrast of U.S. economy with the British economy, considering both of them as highly successful countries in terms of economies. At a certain point the author says, that the Britain economy found a safe place for itself before it actually implemented the free trade in the country. It reached at the level where it gained an edge of technology over its competitors by putting strict and extended tariffs and once it was stable it moved towards the free trade. While U.S. economy was the most protectionist country in the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Book Review - Combined Fleet Decoded: The Secret History of American Intelligence and the Japanese Navy in World War II
The book comprises of 832 pages and mainly presents intelligence operations. The author has taken into account the viewpoints of both the US and the Japanese during World War II. The author concentrates on intelligence operations by both Navies. The vastness of this field can be realized after reading the book.
4 Pages(1000 words)Book Report/Review
The Parable of the Good Samaritan
The story that is related is defined through a conversation that takes place between one of those who follow Jesus and the teacher Himself. The conversation begins with a man of the law asking Jesus what he can do to inherit eternal life. The conversation takes place as the man of the law places the question, but with an answer that can benefit those in the room when the question was asked.
4 Pages(1000 words)Essay
Prokopios' Secret History
The writer offers a new interpretation explaining the political minds and opinions of the emporer.The range of competence reflected in this book is impressive.Anthony describes Procopius as someone who had an eye for medical detail especially when describing Procopius descriptions of Hagia Sophia which wsa technically precise and how his narrative on the Nika riots is gripping from a literary point of view.
4 Pages(1000 words)Book Report/Review
Love in Fallen City by Eileen Chang
"These extraordinary stories combine an unsettled, probing, utterly contemporary sensibility, keenly alert to sexual politics and psychological ambiguity, with an intense lyricism that echoes the classics of Chinese literature."'' The critics like Ang Lee acknowledge her deep understanding of Chinese culture and also her perception of the modern world.'Hussain (2008) is of the view that "Chang owes her original style to the classical vernacular fiction of the dynasties of Ming and Qing and to the European literature of 19th century and of early 20th century "that nurtured her precocious literary imagination." '
12 Pages(3000 words)Book Report/Review
Managerial Capitalism
This adaptation was efficiency-driven: rapidly expanding markets and science-based technologies spawned commercial opportunities which could be seized only by creating business institutions capable of handling high-volume production and distribution. The response came in the form of new "organizational capabilities" ("administrative coordination," as Chandler describes it in The Visible Hand, 1977).
6 Pages(1500 words)Book Report/Review
Paddy Clarke Ha Ha Ha
Roddy Doyle's imagination allows the readers to fill the gaps in his main character's mind (Paddy), and readers can connect with Doyle's imagination. With doing so the author has effectively succeeded in creating a realistic world trough the eyes of a child.
2 Pages(500 words)Book Report/Review
Jasmine Tea by Eileen Chang
However, a professor's daughter, Danzhu, develops an interest in befriending the troubled young man. Through his convoluted logic, Chuanqing passes through stages of dislike, hatred guided by jealousy, ardent love, and finally violent hatred towards Danzhu.
2 Pages(500 words)Book Report/Review
What does Ha-Joon Chang mean by kicking away the ladder Alice Amsden argues that To minimize the inefciencies of import substitution, countries built a complex set of institutions that amounted to a control system. Taking the
These proposed theories are mainly based on good policies and good institutions, which are seen as necessary to economic development. Judging from
2 Pages(500 words)Assignment
The Ravenmaster's Secret
Forrest feels confined and sheltered form the outside world. His life is tiring and his social life is far from admirable. He hates watching the executions at Tower Green (Woodruff 2003:20).Through the lies fed to him day by day about the
2 Pages(500 words)Book Report/Review
Martin, C. Shaping the World from the Shadows; The (Open) Secret History of Delta Force, Post 9-11
Army Colonel Charles Beckwith. This elite force is tasked with counter terrorism assignments that involve hostage rescue missions, reconnaissance, and barricade operations. Recruits to the Delta force are drawn from other elite units within the military who then
5 Pages(1250 words)Book Report/Review
Let us find you another Book Report/Review on topic Bad samaritan: The myth of tread and the secret history of capitalism by ha-joon Chang for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us