The Undercover Economist Part 12

Jagdish Bhagwati's condemnation of Indian economic policy is from "Review of Sachs-Varshney-Bajpai and Lal," Times Literary Supplement, January 2000. Available at: http://www.columbia.edu/~jb38/TLS_SV.pdf. Charles Wheelan, in Naked Economics (New York: W.W. Norton, 2002), makes the point that leprosy can be cured for the price of a beer.

On the cult of Mao see Richard McGregor, "Mao and Forever," Financial Times Magazine, August 14, 2004. Lucy Ash reports on harsh working conditions in "Inside China's Sweatshops," BBC Online News, "From Our Own Correspondent," July 20, 2002, http://news.bbc.co.uk/1/hi/programmes/ from_our_own_correspondent/2139401.stm. Yang Li's choice is described in Alexandra Harney, "Migrant workers shun long hours and low pay," Financial Times, November 2, 2004.

Other sources for statistics: Statistics on Chinese growth rates and the size of the economy relative to others, such as Cameroon and Belgium, from World Development Indicators 2002.

The statistics on the transformation of South Korea's economy are from Anne Krueger, "Inst.i.tutions of the New Private Sector," in The Emergence of Market Economies in Eastern Europe, eds. Christopher Clague and Gordon Rausser (Cambridge, MA: Blackwell, 1992), cited in Mancur Olson, Power and Prosperity (New York: Basic Books, 2003).