How Rich Countries Got Rich and Why Poor Countries Stay Poor Authour : Erik S. Reinert (Book Review by Jayati Ghosh)

Publisher: Constable & Robinson; UK ISBN-10: 1845298748 ISBN-13: 978-1845298746 About the Book In this work, 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…

How Rich Countries Got Rich And Why Poor Countries Stay Poor Authour : Erik S. Reinert         (Book Review By Jayati Ghosh)