Ironically, therefore, the financial liberalisation that was meant to provide more resources for domestic investment in emerging markets has led to exactly the opposite pattern.…More ironically, the countries that are outperforming are communist — China and Vietnam.
This was not supposed to happen according to Western liberal thinking. Something amiss with the assumptions of economic and political liberalism?
Real-World Economics Review Blog
Is emerging Asia in retreat?
C. P Chandrasekhar and Jayati Ghosh
Real-World Economics Review Blog
Is emerging Asia in retreat?
C. P Chandrasekhar and Jayati Ghosh
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Chinese Premier Li Keqiang has called for efforts to improve the country's range-based regulation of macroeconomic policies, prioritize employment and stimulate the vitality of market entities to sustain the long-term upward momentum of the economy.
The Chinese leadership must be killing themselves laughing.
ReplyDeleteThe Chinese leadership are dancing as fast as they can because the ghost of the Soviet Union haunts their dreams.
ReplyDelete