Lauren Sheil’s review of Kicking Away the Ladder: Development Strategy in Historical Perspective
Kicking down the ladder
The long-contested and now falsely-debated point. And probably also from a little of the leftover ethos from the previous post Below is a sampling of the article, just to make it really clear. Geithner told Congress that China had substantially undervalued its currency to gain an unfair trade advantage, tolerated theft of foreign technology and created unreasonable barriers to American imports. The ninetheenth-century German economist Friedrich List is commonly known as the father of the infant industry argument, namely, the view that in the presence of more developed countries, backward countries cannot develop new industries without state intervention, especially tariff protection. List starts the book with a lengthy historical discussion. In fact he devotes the first pages of his page text to a review of trade and industrial policies in the major countries of the western world up to his time.
Kick away the ladder. If someone kicks away the ladder, they remove something that was supporting or helping someone. Benjamin managed to kick the ladder from underneath Jeff, however, to gain control. During the fight with the chainsaw-bearing ladies, you can kick the ladders just as they are climbing to get you. It's as if the baby boomers, having gotten their own quality schooling for a fraction of the price students pay today, are kicking the ladder out from under their children and grandchildren and substituting it with a shoddy, privatized product to which they, in their youth, never would have succumbed. Instead of immediately going under the bridge to attack the wyvern's tail, consider instead going through the second door and activating the shortcut back down to the Undeadsberg bonfire by kicking the ladder down to it. Giving people just enough so that they cling on by their fingertips is no good for art or artists — but neither does that mean you should kick away the ladder from those who are on the bottom rung.
Financial Services Commission, Korea
London: Anthem Press, The good policies include stable macroeconomic policies, a liberal trade and investment regime, and privatization and deregulation. The good institutions include democratic government, protection of property rights including intellectual property , an independent central bank, and transparent corporate governance institutions and financial establishments. These policies have been embraced by the World Bank, the International Monetary Fund, and many mainstream economists, hence the term Washington Consensus. Rather, these countries implemented high tariffs and sectoral industrial policies, lagged in the introduction of democratic reforms, stole industrial technologies from one another, did not have independent central banks, and so forth. Each chapter focuses on the policies pursued a century ago by the leading rich countries of today Britain, United States, Germany, Japan, and other European countries and compares those policies to the ones that developing countries are urged to adopt the Washington Consensus.