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How Rich Countries Got Rich And Why Poor Countries Stay Poor
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How Rich Countries Got Rich And Why Poor Countries Stay Poor

4.21  ·  Rating Details  ·  194 Ratings  ·  22 Reviews
У цій книжці норвезький вчений Ерік Райнерт намагається витлумачити природу багатства одних країн та бідності інших. Думаю це свіже видання “Темпори” наштовхне не одного із читачів і на більш приземлені, особисті роздуми.
365 pages
Published (first published January 1st 2005)
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Tanja Berg
This is a brilliant book about the failures of standard economic theory to explain the reality we all live in. I have rarely read a non-fiction book that has been so lucid and informative as this one.

I studied classic economic theory in highschool. I didn't want to, but I was on the International Baccalaureate program and the coordinator would not let me take both higher level psychology and history as I wanted. So I ended up with economy. One of the first lessons was that economic theory is ba
...more
Velvetink
"Since anyone who criticizes the entire system of others has a duty to replace them with an alternative of his own, containing principals that provide a more felicitous support for the totality of effects to be explained, we shall extend our meditation further in order to fulfill this duty." ~ Giambattista Vico, La Scienza nuova, 1725.
Simon Wood
Jan 07, 2014 Simon Wood rated it it was amazing
NO REALITY PLEASE WE'RE NEOLIBERAL ECONOMISTS!

Erik Reinert hits the nail on the head in this well written, historically aware criticism of the Neo-Liberal Washington Consensus that has become the global orthodoxy over the last 40 odd years. In short free trade between nations at different stages of development is a form of "asymmetrical warfare" that attends to the interests of those already developed. Countries who have developed do so by protecting their economies and only gradually opening t
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Hast
Nov 16, 2015 Hast rated it it was ok
Very repetative.

The basic ideas are:

1. When we talk about the history of economics many people make the mistake of reading Adam Smith and people like him (who wrote more about what things ought to be) and not about what the nations actually put into practice.

2. So, what did they do in practice? Nations that became rich are the ones that protected their industries.

3. Free trade works only for nations that are already developed.

4. Nations that are rich do not put into practice what economists say
...more
Emilie
Another book for the university. It's about global economy or economic development which I find hard and so not my field.

However this was the best one of all of those I had to read for this course. The final is taken and the book is finished.

This author and economist is basically showing us that we have the methods to help poor countries and people to live a richer life (not talking consuming like a crazy person, but you know EATING, having clean WATER, living a SAFE life, you know that thing
...more
Shyam Sundar
Jul 15, 2014 Shyam Sundar rated it really liked it
This book is one of the most important books ever written on contemporary economic theory. Reinert's basic argument is this: for a country to create wealth, the best method is to develop its manufacturing sector. He argues that such a policy creates synergies between different industries, and leads to innovation in both manufacturing and agriculture. According to him, a new manufacturing sector that has come up due to an innovation creates a market with increasing returns, whereas agriculture is ...more
Travis
Jul 21, 2009 Travis rated it it was amazing
Everything I was never able to articulate about what is wrong with straight economic theory Reinert puts into words.
Grigory
I liked the book, though I disagree with the main point that mainstream economists somehow "don't get it".
david
Sep 14, 2008 david rated it it was amazing  ·  review of another edition
best book to beat free trade bullshit
Oleksandr Zholud
Apr 07, 2016 Oleksandr Zholud rated it liked it
The book presents an unorthodox view on economic development and makes quite a few bold statement regarding ‘erroneous ways of mainstream economics’. The author argues that the famous Paul Samuelson’s answer to the mathematician Stanislaw Ulam to "name me one proposition in all of the social sciences which is both true and non-trivial" is wrong. Samuelson’s response is comparative advantage. "That it is logically true need not be argued before a mathematician; that it is not trivial is attested ...more
Khaleel
Apr 02, 2015 Khaleel rated it really liked it
Great book for understanding how countries can emerge as industrial powers. Powerful argument in favour of heterodox economic policies and against neo-liberal/orthodox policies for development.

Less one star because by the very nature of the book the view is one sided. However the merit of the book is that it's views tend to go against the mainstream so it's a thought provoking and important book to better understand how countries can move up the value chain and become richer.
Nicky Lamond
Mar 05, 2014 Nicky Lamond rated it liked it
It answered the question (ie the title) and introduced me to some new concepts. It was quite repetitive. I'll dip back into it do doubt from time to time but I felt the author could have made more of an impact if it was written more succinctly, though they need to include as many references and examples as possible to argue their case, it could have been 'tidier'.
I.L. Williams
Apr 21, 2014 I.L. Williams rated it it was amazing
An analysis that explains the world we live in quite well. If more people used history to unravel these sorts of mysteries, we might make more progress toward a better world.
Olia Vorozhbyt
Oct 14, 2014 Olia Vorozhbyt rated it it was amazing
When you live in a 3rd world country, it's a necessary reading for understanding why everything is difficult and for an inspiration too. Outstanding intellectual reading
Dave
Jan 25, 2009 Dave rated it liked it  ·  review of another edition
This book is OK. This is a rather long rejection of neoclassical economic epistemology as it is practiced by the IMF. I dont disagree, but the argument seems old, and is rehashes old arguments. Such as the author's dissertation, which is given extensive treatment, though it is about 30 years old. I digress. The basic argument, to spare you 300 pages, is that the West developed with highly interventionist states, and protected economies - in conditions that do not at all resemble the blueprints g ...more
Viktor
May 23, 2016 Viktor rated it it was ok
Pretty interesting book, but it would be 5 times smaller if the author did not repeat himself over and over again.
Arturs
Apr 25, 2015 Arturs rated it liked it
Good ideas but poorly written.
Ozair
Sep 20, 2012 Ozair rated it really liked it
plenty of valuable information but the book loses a star for making too many repetitive attacks against textbook neoclassical economics, particularly david ricardo's comparative advantage.. overall I dont think it is well written but his arguments are spot on.. an important contribution to the ongoing debate between free trade & protectionism.. one that favours protectionism and a gradual move towards free trade..
Boris Micic
I knew things are bad at the source of poverty, but honestly, I was surprised to see how far human greed goes.
This is a great book, I only wish it is was of a fantasy genre, not real life.
Ethan Jacobs
Dec 17, 2014 Ethan Jacobs rated it it was amazing  ·  review of another edition
- It made me mad and it made me think. This book is another example that those who do not learn from history are doomed to repeat it... or not repeat it, in the case of historical successes.
Mairita
Gari, mokoši, vietām ļoti interesanti un vērtīgi. Kam par ekonomiku nav padziļinātu zināšanu/intereses, grāmata var šķist grūti "sagremojama", tomēr ir vērts lasīt.
Gina
Jun 06, 2014 Gina rated it really liked it  ·  review of another edition
Interesting book, it opens your eyes.
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