"History and economic theories show that greater trade and investment promote sustainable and inclusive economic development only when they lead to the enhancement of productive capabilities", said Mr. Chang, participant in the panel discussion on Trade and Investment Rules for Inclusive and Sustainable Development.
History and economic theories show that greater trade and investment promote sustainable and inclusive economic development only when they lead to the enhancement of productive capabilities. We need to re-examine the current global framework for trade and investment with that important point in mind.
Professor, University of Cambridge, UK
Mr. Chang, a national of the Republic of Korea, has taught at the University of Cambridge's Faculty of Economics since 1990.
In addition to numerous articles in journals and edited volumes, Mr. Chang has produced 14 authored books (five of them co-authored) and 10 edited books (six of them co-edited). His main books include The Political Economy of Industrial Policy (1994), Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), Bad Samaritans: Rich Nations, Poor Policies, and the Threat to the Developing World (2007), and 23 Things They Don't Tell You About Capitalism (2010). By the end of 2013, his writings will have been translated into 34 languages and been published in 37 countries.
Apart from his academic activities, Mr. Chang has worked as a consultant for numerous international organizations, including various United Nations agencies such as UNCTAD, the World Institute for Development Economics Research (WIDER), the United Nations Development Programme, the United Nations Industrial Development Organization, the United Nations Research Institute for Social Development, INTECH, the Food and Agriculture Organization, and the International Labour Organization, as well as for the World Bank, the European Investment Bank, and the Asian Development Bank. He has also worked as a consultant for a number of governments (Argentina, Brazil, Canada, Ecuador, Indonesia, Japan, Malaysia, Namibia, Singapore, South Africa, the United Kingdom, the Bolivarian Republic of Venezuela, and Viet Nam), and for various non-governmental organizations (such as ActionAid, the Catholic Agency for Overseas Development, Christian Aid, and Oxfam).
Mr. Chang is the winner of the 2003 Myrdal Prize, awarded to him by the European Association for Evolutionary Political Economy for his book Kicking Away the Ladder. He is also the winner (jointly with Richard Nelson of Columbia University) of the 2005 Leontief Prize for Advancing the Frontiers of Economic Thought, awarded by Tufts University. Previous winners of the Prize have included Nobel laureates Amartya Sen and Daniel Kahneman, as well as John Kenneth Galbraith.
