Debunking Myths Session: Myths About International Trade and Competitiveness Panelists Ha-Joon Chang

UNCTAD Summer School 2020
Reading Lists
Sunday 16
Debunking myths session: Myths about international trade and competitiveness
Panelists:
Ha-Joon Chang
- Chang, H-J., Kicking Away the Ladder, especially ch. 2

- Chang, H-J. Why Developing Countries Need Tariffs - How WTO NAMA Negotiations Could Deny
Developing Countries' Right to a Future, sections III.1.5 and
III.4.2 (http://www.southcentre.org/publications/SouthPerspectiveSeries/WhyDevCountriesNeedT
ariffsNew.pdf)
- Chang, H-J. and Lin, J. 'Should industrial policy in developing countries conform to comparative
advantage or defy it? - A debate between Justin Lin and Ha-Joon Chang', Development Policy
Review, 2009, vol. 27, no. 5
- Chang, H-J., Hauge, J. & Irfan, M. (2016) Transformative Industrial Policy for Africa, UNECA (United
Nations Economic Commission for Africa) report, Chapter 5, Section 5.1 (pp. 114-142) (can be
downloaded from: https://www.uneca.org/publications/transformative-industrial-policy-africa)
- Reinert, E., How Rich Countries Got Rich … and Why Poor Countries Stay Poor, especially ch. 3
- Thirlwall, A. & Pacheco-Lopez, P., Trade Liberalisation and the Poverty of Nations
- Thrasher, R. & Gallagher, K. ‘21st Century Trade Agreements: Implications for Development
Sovereignty’, The Pardee Papers, No. 2, The Frederick S. Pardee Center for the Study  of the
Longer-Range Future, Boston University, September 2008 (can be downloaded from
http://www.ase.tufts.edu/gdae/Pubs/rp/KGPardeePolSpaceSep08.pdf)
Fiona Tregenna
- Erten, B. Leight, J. and Tregenna, F. (2019) ‘Trade liberalization and local labor market adjustment
in South Africa’, Journal of International Economics, 118: 448-467.
- Cramer, C. and Tregenna, F. (2020) ‘Heterodox Approaches to Industrial Policy and the Implications
for Industrial Hubs’ in Lin, J.Y. and Oqubay, A. (eds.) The Oxford Handbook of Industrial Hubs and
Economic Development, Oxford University Press.
- Kozul-Wright, R. and Fortunato, P. (forthcoming 2020) ‘Industrial Policy and Managing Trade
Through Productive Integration, in Chang, J-J, Cramer, C., Kozul-Wright, R. and Oqubay, A. (eds.) The
Oxford Handbook of Industrial Policy, Oxford University Press.
- Liang, Y. (2018) ‘A Heterodox Reconstruction of Trade Theory’ in The Routledge Handbook of
Heterodox Economics, Routledge.
- Tregenna, F. (2017) ‘Deindustrialisation and premature deindustrialisation’ in Elgar Handbook of
Alternative Theories of Economic Development, J. Ghosh, R. Kattel and E. Reinert (eds.), Edward
Elgar.
- Akyüz, Y. (2009) Industrial tariffs, international trade and development. In Cimoli, M. et al (eds),
Industrial Policy and Development: the Political Economy of Capabilities Accumulation, Oxford
University Press
Monday 17
Debunking myths session: Myths about monetary policy, inflation targeting and central
bank independence
Panelists:
Mary O’Sullivan
The title of my session: “The History of Economic Crisis as Academic Fiction & Political Drama”
The readings assigned:
- Milton Friedman and Anna Schwartz, A Monetary History of the United States, 1867-1960,
(Cambridge, MA, 1963), chapter 7, 299-305, 332-334, 351-359, 407-419.
- Ben Bernanke., 1983. « Nonmonetary Effects of the Financial Crisis in the Propagation of the Great
Depression », American Economic Review
Mathias Vernengo
The title of my talk will be: "The End of Central Bank Power?"
- A Handbook of Alternative Monetary Economics (2006)
- Kicking Away the Ladder, Too: Inside Central Banks (2016)
- The Historical Evolution of Monetary Policy in Latin America (2019)
- Interest as an Artefact of Self-Validating Central Bank Beliefs (2007)
- Can (and should) Monetary Policy Pursue a Zero Real Interest Rate, permanently? (2011)
Tuesday 18:
Thematic symposium, What green new deal can we (not not) afford?
Panelists:
Juan Carlos Moreno Brid
- De-Growth vs a Green New Deal

- Mexico’s Road to a Green New Deal
- Latin America’s Green New Deal
I am also including links/references to additional material on a Green New Deal for Latin America
that may be interesting for the students:
https://www.greengrowthknowledge.org/sites/default/files/downloads/resource/A_Global_Green_
New_Deal_Policy_Brief_UNEP.pdf
https://www.opendemocracy.net/en/democraciaabierta/social-ecological-economic-intercultural-
pact-latin-america/
https://progressive.international/blueprint/bfd75a57-0893-4f38-97c0-3de9640b7da6-molon-taking-
back-our-future-for-a-green-and-just-new-normal/en
https://www.ips-journal.eu/regions/latin-america/article/show/latin-america-can-only-thrive-with-
a-new-eco-social-pact-4510/
https://www.project-syndicate.org/commentary/covid19-emerging-economies-green-growth-
opportunity-by-luis-alberto-moreno-and-henry-m-paulson-2020-07
https://www.sei.org/featured/5-ideas-to-turn-the-covid-19-recovery-into-a-global-green-new-
deal/
Juliet Schor
- Is it Too Late for Growth?

- Could Working Less Reduce Pressures on the Environment? A Cross-National Panel Analysis of
OECD Countries, 1970-2007
- Wealth Inequality and Carbon Emissions in High income Countries
- Working Hours and Carbon Dioxide Emissions in the United States, 2007–2013
- Climate, Inequality, and the Need for Reframing Climate Policy
Wednesday 19
Debunking myths session: Myths about fiscal policy and structural reforms
Panelists:
Jan Kregel
Nelson Barbosa
Thursday 20:
Thematic symposium, The growth of China
Panelists:
Kevin Gallagher
- Renewable Energy: The Trillion Dollar Opportunity for Chinese Overseas Investment
- Coordinated Credit Spaces: The Globalization of Chinese Development Finance
- https://www.worldbank.org/en/topic/regional-integration/publication/belt-and-road-
economics-opportunities-and-risks-of-transport-corridors
Arkebe Oqubay
- The core reading material is China-Africa and an Economic Transformation, by Oqubay and Lin
(eds), Oxford University Press, 2019. It is an Open Access (OA) and students can freely download the
book. Students are encouraged to read:
- Chapter 1 (Introduction to China-Africa and an Economic Transformation, pp 1-18);
- Chapter 7 (Chinese Loans and African Structural Transformation, page 129-146);
- Chapter 14 (Catalysing China-Africa Ties for Africa's Structural Transformation: Lessons from
Ethiopia, pp 282-309); and
- Chapter 15 (The Future of China-Africa Economic Ties: New Trajectory and Possibilities, pp 283-
309).
http://fdslive.oup.com/www.oup.com/academic/pdf/openaccess/9780198830504.pdf
https://global.oup.com/academic/product/china-africa-and-an-economic-transformation-
9780198830504?lang=en&cc=us#
Justin Yifu Lin
- Seventy Years of Economic Development: A Review from the Angle of New Structural
Economics.
- China’s Growth Miracle in the Context of Asian Transformation.
- China’s Growth Deceleration: Causes and Future Growth Prospect.
Friday 21:
Thematic symposium, Discrimination and intersectionality: Exposing the blind spots of

conventional economics and policy-making
Panelists:
Elissa Braunstein
1. Ch. IV from TDR 2017 which I wrote in collaboration with Stephanie Seguino - will form the
primary basis of my presentation next week
“The Gender Dynamics of Inclusion and Exclusion: A Macro Perspective on Employment”
2. A recent publication on care in the macroeconomy that I will reference in my presentation
“Social reproduction, gender equality and economic growth” Elissa Braunstein, Rachid Bouhia and
Stephanie Seguino. Cambridge Journal of Economics 2020, 44, 129–155
Naila Kabeer
- Deaton, Angus and Nancy Cartwright. 2018. “Understanding and Misunderstanding Randomized
Controlled Trials.” Social Science and Medicine 210: 2–21.
- Duflo, Esther (2012) ‘Women Empowerment and Economic Development’ Journal of Economic
Literature Vol. 50 (4): 1051-1079
- Kabeer, Naila (2020) Women’s Empowerment and Economic Development: A Feminist Critique of
Storytelling Practices in “Randomista” Economics”’ Feminist Economics, 26 (2): 1-26
Rhonda V. Sharpe
Saturday 22
Thematic symposium, The future of work, the future of welfare
Panelists:
Guy Standing
- The Corruption of Capitalism: Why rentiers thrive and work does not pay (London, Biteback, 2017)
- Basic Income: And how we can make it happen (London: Pelican, 2017)
- Plunder of the Commons: A Manifesto for Sharing Public Wealth (London: Pelican, 2019).
Ipek Ilkkaracan
- ILO. 2018. Care Work and Care Jobs for the Future of Work. Geneva: ILO
https://www.ilo.org/global/topics/care-economy/care-for-fow/lang--en/index.htm
(particularly Chapters 1,2 & 5)
- For the background paper to Ch.5 of above report see:
Ilkkaracan, Ipek and Kijong Kim. 2019.The Employment Generation Impact of Meeting SDG Targets in
Early Childhood Care, Education, Health and Long- Term Care in 45 Countries. ILO Working Paper,
Geneva: ILO.
https://www.ilo.org/gender/Informationresources/Publications/WCMS_732794/lang--en/index.htm
For a country level applied study see:

- Ilkkaracan, Ipek Kijong Kim and Tolga Kaya. 2015. The Impact of Public Investment in Social Care
Services on Employment, Gender Equality, and Poverty: The Turkish Case. Istanbul Technical
University and the Levy Economics Institute, Istanbul and New York.
http://www.levyinstitute.org/publications/the-impact-of-public-investment-in-social-care-services-
on-employment-gender-equality-and-poverty-the-turkish-case
- Kim, Kijong, Ipek Ilkkaracan and Tolga Kaya. 2019. Public investment in care services in Turkey:
Promoting employment & gender inclusive growth. Journal of Policy Modeling, Volume 41, Issue
6, November–December 2019, Pages 1210-1229
https://www.sciencedirect.com/science/article/pii/S0161893819300614?via%3Dihub
Deborah James
- Digital Trade Rules: A disastrous new constitution for the global economy written by and for Big
Tech
- E-commerce proposals at the WTO: A recipe for corporate greed
- Digital trade rules and Big Tech: Surrendering public good to private power

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UNCTAD Summer School 2020

Debunking myths session: Myths about international trade and competitiveness

- Chang, H-J., Kicking Away the Ladder, especially ch. 2

Juan Carlos Moreno Brid

- De-Growth vs a Green New Deal

- Is it Too Late for Growth?

Thematic symposium, The growth of China

Justin Yifu Lin

Thematic symposium, Discrimination and intersectionality: Exposing the blind spots of

Thematic symposium, The future of work, the future of welfare

For a country level applied study see:

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