{
  "title": "Ha-Joon Chang on Infant Industry Protection",
  "publication": "IMF Podcasts",
  "sourceUrl": "https://www.imf.org/en/news/podcasts/all-podcasts/2026/08/10/ha-joon-chang-2026",
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  "summary": "But growing up, he witnessed the remarkable transformation of a largely agrarian society into an industrial powerhouse, albeit under a military dictatorship.",
  "authors": [
    "HA-JOON CHANG"
  ],
  "sections": [
    {
      "heading": "Episode summary",
      "content": "- The economist and best-selling author Ha-Joon Chang describes South Korea’s transformation from a largely agrarian society into an industrial powerhouse.\n- Chang frames his experience of the country’s “economic miracle” as akin to “riding a time machine.”\n- The episode notes the contrast between South Korea’s economic development and the political context during much of that period, identifying that transformation as occurring “albeit under a military dictatorship.”\n- The episode is associated with Finance & Development (F&D) Magazine under the theme “Economic growth.”\n- A transcript of the episode is available.\n- A related Cafe Economics article is available in Finance & Development."
    },
    {
      "heading": "Key themes and framing",
      "content": "- Industrialization and structural transformation:\n  - South Korea’s shift from an agrarian to an industrial economy.\n  - The role of state policy and historical context implied by the episode’s focus on “infant industry protection.”\n- Personal and historical narrative:\n  - Chang uses personal recollection to illustrate broad economic change, describing living through the country’s transformation.\n- Political context:\n  - The episode emphasizes that economic modernization occurred “albeit under a military dictatorship,” linking political conditions to the development narrative."
    }
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    "Chang frames his experience of the country’s “economic miracle” as akin to “riding a time machine.”",
    "The episode notes the contrast between South Korea’s economic development and the political context during much of that period, identifying that transformation as occurring “albeit under a military dictatorship.”",
    "The episode is associated with Finance & Development (F&D) Magazine under the theme “Economic growth.”",
    "A transcript of the episode is available.",
    "A related Cafe Economics article is available in Finance & Development.",
    "Industrialization and structural transformation:",
    "Personal and historical narrative:",
    "Political context:",
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