A Quote by Ha-Joon Chang
As someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.
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In developing countries the situation could be even worse because developing countries do not have to count their emissions under the Kyoto Protocol. Private companies from industrialized nations will seek cheap carbon credits for their country in the developing world.
A cynic had defined aid as simply the system by which poor white people in rich countries gave money to rich black people in poor countries to put into Swiss bank accounts.
The West has become the world model; developing countries are dreaming of living like us, which is impossible. They should reject our model, because it is not sustainable. Developing countries should even give us the example, but unfortunately that's not what happens.
The public doesn’t have to be hostile to the rich. ‘Robbing the rich to help the poor’ will only drive the rich away to other countries along with their money. As a matter of fact, their wealth should be respected. All wealth in China belongs to the country.
Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his superb classic Macroeconomics in Emerging Markets, he has surpassed even himself. He uniquely fills the gap between rich-country-obsessed macro- and micro-obsessed developing-country analysis. No student of the macroeconomics of development will henceforward be able to do without this book.
Money's dominance over politics isn't merely one problem of many our country faces. It is the problem! It is a growing crisis that prevents us from tackling anything else.
Of course, I didn't become an architect, but later on in Iran, I had a lot of contact and discussions with architects because Iran was developing, and I felt we shouldn't destroy the past and copy completely the West, which is the problem in developing countries.
Developed countries and advanced developing countries must open their markets for products from the developing world, and support in developing their export and import capacity.
Climate change is...a gross injustice-poor people in developing countries bear over 90% of the burden-through death, disease, destitution and financial loss-yet are least responsible for creating the problem. Despite this, funding from rich countries to help the poor and vulnerable adapt to climate change is not even 1 percent of what is needed.
Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.
Climate change is a huge problem, an almost insoluble problem, for two reasons. One is the habits of the West in terms of consumption. The other is the incredible iniquity between poor countries and rich countries on this planet.
That's the kind of thinking that our country needs. When we have a country that's doing so badly, that's being ripped off by every single country in the world, it's the kind of thinking that our country needs, because everybody, we have a trade deficit with all of the countries that we do business with, of almost $800 billion a year.
Conservatives say if you don't give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they've lost all incentive because we've given them too much money.
It isn't only rich countries that suffer from the effects of tax havens. Developing countries also lose billions of dollars in tax revenues due each year because wealthy individuals and some companies use tax havens to move assets and income offshore.
There is a serious defect in the thinking of someone who wants - more than anything else - to become rich. As long as they don't have the money, it'll seem like a worthwhile goal. Once they do, they'll understand how important other things are - and have always been.
When developing countries go to the WTO and register their protest over things, they should be heard. Their views should be considered by the rich countries.
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