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How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
'The most important book about the world economy to be published in years.' —'Prospect'
Introduction: How did the Rich Countries Really Become Rich? Policies for Economic Development: Industrial, Trade and Technology Policies in Historical Perspective; Institutions and Economic Development: 'Good Governance' in Historical Perspective; Lessons for the Present; References; Notes; Index