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9781586486686

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

Reinert, Erik Author

9781586486686: How Rich Countries Got Rich . . . and Why Poor Countries Stay Poor

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.

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About the Author:

Erik S. Reinert, editor of Globalization, Economic Development and Inequality: An Alternative Perspective, is Professor of Technology Governance and Development Strategies at Tallinn University of Technology, Estonia, and president of The Other Canon Foundation in Norway.

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