How Rich Countries Got Rich and Why Poor Countries Stay Poor (9781845298746)

How Rich Countries Got Rich is a narrative history of modern economic development from the Italian Renaissance to the present day.

In it Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment. Reinert suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East. Yet despite its demonstrable success, orthodox development economists have largely ignored this approach and insisted instead on the importance of free trade.

Reinert presents a strongly revisionist history of economics and shows how the discipline has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economics on the other. He argues that our economies were founded on protectionism and state activism and could only later afford the luxury of free trade. When our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of mass affluence.

Product details

• Format Paperback | 400 pages
• Dimensions 154 x 234 x 36mm | 523g
• Publication date 24 Jul 2008
• Publisher Little, Brown Book Group
• Imprint Constable
• Publication City/Country London, United Kingdom
• Language English
• Edition Statement UK ed.
• Illustrations note Illustrations
• ISBN10 1845298748
• ISBN13 9781845298746
• Bestsellers rank 137,859

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