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. 82 - Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Ha-Joon Chang Quotes

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not...

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not...

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not...

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not...