Skip to content

Comment on Notes from Ha-Joon Chang’s Lecture at NYU

Comments

For me the most insightful parts were the quotes about progress in developing countries.

> The reason this (entrepreneurship in developing countries) > doesn’t result in wealth is entrepreneurship is rarely an > individual event now, if it ever was. You need social > infrastructure; corporate, legal and financial systems.

I read this as saying that the whole system needs to change for development to really happen. Unfortunately, a number of rich and powerful vested interests, want to and are able to preserve the status quo quite successfully.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.