The historical picture is clear. ing was not invented in modern Asia. When they were backward themselves in… — Chang Ha-Joon
The historical picture is clear. ing was not invented in modern Asia. When they were backward themselves in terms of knowledge, all of today's rich countries blithely violated other people's patents, s and copyrights. The Swiss 'borrowed' German chemical inventions, while the Germans 'borrowed' English trademarks and the 'borrowed' British copyrighted materials—all without paying what would today be considered 'just' compensation.
p. 134Source: Wikiquote · CC BY-SA 4.0
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Markets have a strong tendency to reinforce the status quo. The free market dictates that countries stick to what they are already good at. Stated bluntly, this means that poor countries are supposed to continue with their current engagement in low-productivity activities. But their engagement in those activities is exactly what makes them poor. If they want to leave poverty behind, they have to defy the market and do the more difficult things that bring them higher incomes—there are no two ways about it.
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Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.
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Manufacturing is the most important...route to prosperity.
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