Partly, concidentally... we've... seen the rise of anti-racist movement... in the US and around the world... [W]e should use this as an occasion... e… - Ha-Joon Chang

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Partly, concidentally... we've... seen the rise of anti-racist movement... in the US and around the world... [W]e should use this as an occasion... establishing in countries that don't have it, but also strengthening the universal welfare state that we have in some countries, using this as an occasion to push further for actions... to push back these reactionary racist forces... [T]hose kind of things that are now in many peoples' minds. Perhaps... people thought those are ideally things that we want to have, but we cannot. But now we know that we can, and... if you look... countries that have taken a more solidaristic approach to this pandemic are the ones that have done better.

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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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Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.

The importance of international trade for cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

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Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.

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