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Chill the FuckOut!
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Interesting reading
    #3259838 - 10/21/04 11:20 AM (12 years, 7 days ago)

The following exerpt is from a textbook for my class on Sociology of the Third World.  The book is very liberal in its tone for the most part, but it's interesting that it makes this concession in its chapter on economic development:


Third-world economic growth recovered in the 1990s and early 2000s--not everywhere and never smoothly, but in most countries.  The recovery was associated with an extraordinary shift in strategy, away from government control, protectionism, and planning and toward the free market and export promotion.  Government intervention came to be seen as the source of the economic problem in the third world and private initiative as the solution, rather than vice versa.  In country after country, especially in Latin America and Asia, controls were dismantled, subsidies abolished, and tariffs reduced.  In place of the rejected state-centered economy, private entrepreneurs were encouraged to compete against one another at home and against foreign producers in international markets.

So apparently countries which reduced government involvement in the economy prospered more.  Who knew? :shrug:

PS:  For those interested in knowing what the book is, it's called "Promises Not Kept," by John Isbister.


"It is dangerous to be right when the government is wrong."--Voltaire

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Re: Interesting reading [Re: silversoul7]
    #3259858 - 10/21/04 11:34 AM (12 years, 7 days ago)

To be fair, all it proves is that 3rd world countries had a good decade.

I'm not saying smaller govt. is bullshit... I'm just saying that quote doesn't prove smaller govt. works in Industrialized or Technological countries, only 3rd world countries... in the '90's.

The thing is, 3rd world countries have little to no middle class.

I'd be interested to see how the heavily taxed, middle class, European nations did during the same time period... before I make a final judgement.

I think the 90's were just a good decade for much of the world... big govt. or small.

Still, you make an interesting point, I'd love more info.


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Re: Interesting reading [Re: Rose]
    #3259895 - 10/21/04 11:48 AM (12 years, 7 days ago)

Well, what I did find interesting was that privatization in newly-industrialized Asian countries such as Taiwan, Hong Kong, Singapore, and South Korea narrowed the gap between rich and poor, while it has not done so in Latin America. The book speculates that this might be due to land reform programs in those Asian countries prior to the move toward privatization. I would speculate that NAFTA, the big government treaty claiming to be a "free-trade agreement," might also have something to do with this.


"It is dangerous to be right when the government is wrong."--Voltaire

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