Volume 56, Number 15 · October 8, 2009
The Anarchy of Success
By William Easterly
The Drunkard's Walk: How Randomness Rules Our Lives
by Leonard Mlodinow
Vintage, 252 pp., $15.00 (paper)
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
by Ha-Joon Chang
Bloomsbury, 276 pp., $28.95
Among economists, the countries most famous for rapid economic growth are the East Asian 'Gang of Four': Hong Kong, South Korea, Singapore, and Taiwan. Between 1960 and 2007, incomes in these countries grew on average by more than 5 percent each year. They have been joined recently by China, whose extraordinary economic development has given it annual per capita growth over the same period of 6.2 percent, second only to Botswana, with 6.5 percent. This means that the average income in China was seventeen times larger in 2007 than in 1960.[1]
Review, 4134 words
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