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The Amazon Store at MillionDollarPetPix.com ( In association with Amazon.com )How Rich Countries Got Rich . . . and Why Poor Countries Stay Poorby: Erik Reinert  List Price: $17.95 Amazon.com's Price: $13.55 You Save: $4.40 (25%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: PaperbackDewey Decimal Number: 909 EAN: 9781586486686 ISBN: 1586486683 Label: PublicAffairs Manufacturer: PublicAffairs Number Of Items: 1 Number Of Pages: 400 Publication Date: October 06, 2008 Publisher: PublicAffairs Release Date: October 06, 2008 Studio: PublicAffairs Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: In this refreshingly revisionist history, Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment—rather than through free trade. Yet when our leaders lecture poor countries on the right path to riches they do so in almost perfect ignorance of the fact that our economies were founded on protectionism long before they could afford the luxury of free trade. How Rich Countries Got Rich… will challenge economic orthodoxy and open up the debate on why self-regulating markets are not the best answer to our hopes of worldwide prosperity. Average Rating:
 Rating:  - Give a man a fish. . . There is an ongoing argument in comparative economics, why are some countries rich and others poor. According to generally accepted economic theory, a country is able to make the most money by making products that it is best at making (David Ricardo's "comparative advantage"). Further countries have comparative advantage because of the comparative costs of its key input (Hecksher-Ohlin theory), e.g. if a product uses more labor than capital or land it should be made in countries with lots of labor. ... Read More Rating: - Fine attack on 'neoliberalism'Erik Reinert, Professor of Technology, Governance and Development Strategies at Tallinn University of Technology in Estonia, has written a most remarkable book. He has shown that the free trade creed - the free movement of capital, deregulation and privatisation - doesn't work. As Keynes wrote, "the worse the situation, the less laissez-faire works." The American economist Paul Samuelson won a Nobel Prize for `proving' that under free trade prices paid to capital and labour tend to be the ... Read More Rating: - flawed but well worth checking outErik Reinert's "How Rich Countries Got Rich ... and Why Poor Countries Stay Poor" is in many ways similar to Ha-Joon Chang's "Bad Samaritans". It argues that rich countries acquired their wealth by protecting their manufacturing industries in their infancy and allowing them to mature. Poor countries are thus poor because they are not allowed to industrialize using infant industry protection and industrial policy. However, Reinert goes about his argument in a very different way than Chang. While Chang mostly ... Read More Rating:  - Nice History, Bad LogicReniert gets 3 starts for a well-argued case for protectionism by developing countries. He accurately shows that most now-well developed countries used protectionist policies during their developmental periods. He fails, however, to prove that those countries' protectionist policies were causal factors in the countries' development, and the unavoidable counter-argument that protectionism actually retarded their development has not been disconfirmed. This may sound silly: after all, ... Read More Rating: - To Become a Rich Country: Industrialization Policy First, Free Trade Second Erik Reinert masterfully uses experienced-based economics to demonstrate how rich countries got rich. Economic growth and welfare in rich countries originated not in unrestrained international free trade, but in conscious and deliberate industrialization policy that progressively shaped a particular form of economic structure (pp. xx, xxiv, 9-10, 47-48, 65, 79-83, 88, 98-100, 115-20, 177, 198, 246-49, 288-89). Reinert's greatest merit is to clearly show how economic development really works (pp. ... Read More 
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