2023-05-19 03:07:00
When talking regarding economic restrictions, the former president gave as an example the difficulties that South Korea went through for decades while carrying out an industrialization process. Along these lines, she mentioned Chang, the economist who was in the country recently and with whom she was unable to meet due to scheduling problems.
“I was reading some statements by the Korean economist Chang. “Wado” (from Pedro) had invited me to a meeting with him but I mightn’t coordinate my schedule, but today I was reading that in South Korea for many years it was not possible to travel abroad because they needed to raise dollars (…). They took advantage of that moment to develop technology, with production lines linked to exports”commented Cristina in relation to the difficulties generated by the lack of currency.
The economist born in South Korea in 1963 was visiting Argentina, where he led a series of activities organized by Fundar and the Federal Investment Council with different political and academic references. In addition, he was interviewed by C5N’s Green Shoots program.
Who is Ha Joon Chang?
Ha-Joon Chang recently became one of the most prominent and cited economists worldwide for his heterodox proposals. It is one of the referents of development policies and his main articles are regarding a critique of liberalism.
Currently, Chang is a professor at the University of Cambridge and he has published books translated into multiple languages that have become a reference both for heterodox and for those who criticize him from orthodoxy. Among others, he is the author of Remove the ladder, one of his most prominent publications.
In addition, the economist was a consultant to the World Bank and the European Investment Bank, as well as the Oxfam organization and various United Nations agencies.
Chang is usually a reference quote when talking regarding the development achieved by his country, South Korea, which went from being a poor enclave in Asia to one of the most developed powers in the world.
During his visit to the country, he referred to the local macroeconomic situation: “I was struck by the overall quality of the human resources, that gives me hope but also makes me angry. What are they doing with these great people? And somehow these brilliant human resources are wasted,” he said.
According to the SOAS University London professor, Argentina “undoubtedly needs a new social pact” to achieve long-term policies and lower inflation, which is “a political problem” whose resolution implies “some commitment from all”. Inflation is actually a very lazy way to resolve a distribution conflict within society”, he added.
“If you have an unstable macroeconomic environment that is also very hostile to long-term planning due to high inflation and uncertainty, then you cannot develop your productive economyChang mused. However, he added that “the most important reason for the Argentine economic instability is the inability to generate enough exports”.
When asked regarding the dollarization proposal that they support from space La Libertad Avanzathe South Korean economist emphasized that the decision of Accepting the dollar as the official currency would be “crazy” because “it makes you a colonia of the United States, it means that your macroeconomic policies are going to be written in Washington DC”.
In recent days he met with the president Alberto Fernandezthe pre-candidates Daniel Scioli, Eduardo de Pedro y Martin Lousteauthe Buenos Aires Minister of Human Development and Habitat, Maria Betterand its pair of Economic Development and Production, Jose Luis Giusti. In turn, he shared talks with the governors of the Province of Buenos Aires and Chaco, Axel Kicillof y Jorge Capitanich, respectively.
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