Developing nations need protectionism, says author

In a book titled Bad Samaritans, a South Korean economics professor exposes the myth of free trade and the secret history of capitalism.

The world may not be flat after all. Ha-Joon Chang challenges Thomas FriedmanÆs blindly optimistic and invariably Western self-serving view that globalisation is a panacea for poverty.

Chang, a South Korean who grew up during the nationÆs so-called economic miracle and is now an economics professor at Cambridge University, puts together a tidy piece of historical evidence that shows that free trade often hurts a nation. Many of todayÆs strongest economies û from the US and the UK to his...

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