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Corruption often exists because there are too many market forces, not too few. - Ha-Joon Chang
" "Corruption often exists because there are too many market forces, not too few.
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About Ha-Joon Chang
(Hangul: 장하준; hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in . Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.
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Additional quotes by Ha-Joon Chang
[T]he realm of production... has been... neglected since the Neoclassical school... emphasis on exchange and consumption, became dominant in the 1960s. ...[P]roduction is a lot more than combining ...abstract quanta called labour and capital ...how the is physically organized, how to control the workers or deal with trade unions, how to... improve the technologies used through research. ...[P]roduction is the ultimate foundation of any economy. ...[Its] changes ...usually have been the most powerful sources of social change.
So... even a relatively poor country can make this as an opportunity to upgrade its economy... I know that [in] the current situation [it] is... difficult to think about the future but... they really need to think... If you have been reliant on tourism heavily... If you're a island state there might be very little you can do but if you are some country... you will have to a) think about ways to make tourism safer... but b) more importantly you need to find a way to get out of tourism and start doing something else.
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But also within manufacturing there are some sectors where the method of production will have to be changed... Labor intensive industries... In the US and Germany meat processing factories have been sources... such that people work in close proximity... and these become the hotbed of the spread of infection, so... they'll... need to restructure their production.
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