Ha-Joon Chang Quotes About Technology

Quotes about: Technology

• 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.

  Ha-Joon Chang

  Technology, Hair, Korea

  Ha-Joon Chang (2007). “Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism”, Bloomsbury Press

• The days are over when technology can be advanced in laboratories by individual scientists alone. Now you need an army of lawyers to negotiate the hazardous terrain of interlocking patents. Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.

  Ha-Joon Chang

  Army, Technology, Innovation

  Ha-Joon Chang (2007). “Bad Samaritans: rich nations, poor policies, and the threat to the developing world”, Century

• It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries.

  Ha-Joon Chang

  Country, Giving Up, Technology

  Ha-Joon Chang (2008). “Bad Samaritans: The Guilty Secrets of Rich Nations and the Threat to Global Prosperity”, p.47, Random House

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