Arming Poor Countries Enriches Rich Countries Anis Chowdhury and Jomo Kwame Sundaram

Although the Cold War came to an end over a quarter century ago, international arms sales only declined temporarily at the end of the last century. Instead, the United States under President Trump is extending its arms superiority over the rest of the world. The five biggest importers were India, Saudi Arabia, the United Arab Emirates (UAE), China and Algeria. Indian arms imports increased by 43 per cent. Its imports during 2012–2016 were far greater than those of its regional rivals, China and Pakistan, as Pakistan’s arms imports declined by 28 per cent compared to 2007–2011. UAE imports increased by…

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)