GLOBL 2 Lecture Notes - Lecture 8: Ha-Joon Chang, Industrial Policy, Extreme Poverty
Document Summary
A: a set of ideas that envisioned economic growth, along western lines, leading to improvement in the human condition three worlds: first ( free world ), second ( communist world ), third ( developing world ) A: trade, industrial policy, aid, anti-poverty programs, entrepreneurship. Ha joon chang: it is not historically accurate. It ignores europe"s violent and coercive colonial project: it does not account for the east asian miracles nor for the east. Asian crisis of 1997 (which, like the one in 2008-2010, was caused by. Banks not governments): it puts the emphasis on trade, not on production; it puts the emphasis on growth, not on distribution. Bureaucratic, less agile (think of the links to states) Extreme poverty has fallen by half, but real poverty has not improved. The number living on less than . 25 a day has fallen by about half. 2011 just over one billion lived on . 25 or less a day.
