Friday, August 07, 2020 Text is available under the CC BY-SA 3.0 licence.

Ha-Joon Chang

« All quotes from this author

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.
Ch. 3, More trade, fewer ideologies, p. 67

Ha-Joon Chang

» Ha-Joon Chang - all quotes »

Tags: Ha-Joon Chang Quotes, Authors starting by H

Similar quotes


The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

Ha-Joon Chang

We hear those in the national Congress running around and saying, 'Free trade, free trade, I am for free trade,' when they know free trade is like dry water. There is no such thing.

Ernest Hollings

Is that to say we are against Free Trade? No, we are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will act upon a larger scale, upon the territory of the whole earth; and because from the uniting of all these contradictions in a single group, where they will stand face to face, will result the struggle which will itself eventuate in the emancipation of the proletariat.

Karl Marx

We succeeded in purchasing several mules which cost us between ten and twenty dollars worth of goods apiece. In Comanche trade the main trouble consists in fixing the price of the first animal. This being settled by the chiefs, it often happens that mule after mule is led up and the price received without further cavil. Each owner usually wants a general assortment; therefore the price must consist of several items, as a blanket, a looking-glass, an awl, a flint, a little tobacco, vermillion, beads, etc. ...The Santa Fe caravans have generally avoided every manner of trade with the wild Indians, for fear of being treacherously dealt with during the familiar intercourse which necessarily ensues. This I am convinced is an erroneous impression; for I have always found, that [natives] are much less hostile to those with whom they trade, than to any other people. They are emphatically fond of traffic, and, being anxious to encourage the whites to come among them, instead of committing depredations upon those with whom they trade, they are generally ready to defend them against every enemy.

Josiah Gregg

By outlawing Solidarity, a free trade organization to which an overwhelming majority of Polish workers and farmers belong, they have made it clear that they never had any intention of restoring one of the most elemental human rights—the right to belong to a free trade union.

Ronald Reagan
© 2009–2013Quotes Privacy Policy | Contact