When Becker titled... The Economic Approach to Human Behaviour, he was... declaring... economics is about everything. - Ha-Joon Chang

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.

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.

[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.