The has been so totally re-written that many people in the rich world do not perceive the historical s involved in recommending free trade and free m… - Ha-Joon Chang

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The has been so totally re-written that many people in the rich world do not perceive the historical s involved in recommending free trade and free market to developing countries.

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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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[T]he few changes that this crisis has brought about... their consequences, and what countries do in order to deal with them will depend on how long this crisis continues, and how effective the solution[s]... are likely to be. These are things that I don't have the expertise to predict: ...When is the vaccine coming out ...if there will be an effective cure..? [I]s there going to be a similar outbreak? ...I'm just ...assuming that this crisis will probably last another two, three, maybe five years... [A] lot of society will try to go back to the pre-pandemic way as much as possible, but... if we are going to be—even if we wanted—able to go back to the old ways... it will take a few years.

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[T]his has been the most corrosive consequence of the recent rise of the... extreme right, but... despite all this mistrust, we have to invest in rebuilding trust in these institutions. Maybe some of the existing institutions have become so discredited, they need to be scrapped. ...Maybe some can be redeemed, but also we could try to create ...a global public information service ...[T]hat sounds overly idealistic, but... it's something that we need because these gainers from the erosion of public trust in these public s... also ...control the media with their money. ...[I]f ...citizens do not have... a UN information service or some global charity that provides fact checks [etc.]... Unless people have these trusted sources, they'll begin to believe whatever... and those who control the media, including things like Facebook [etc.]... through their money will... be in a position to manipulate them to their benefit. ...[D]espite people's misgivings about building yet another international organization trying to restore trust in the public institutions that have already been eroded and dilapidated .., that's the only way out because otherwise it becomes a free-for-all... [which] means all those people with money...

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