It is Wednesday and I have been quite busy today on non-writing things, including a very long lunch (yep), which may lead to progressing the development of the – MMTed – project. I also was thinking about Tunisia today. And, of course, I listened to some great jazz. So only a few snippets today as usual but hopefully something of interest....Bill Mitchell – billy blog
Tunisia is a classic example of the failed IMF/World Bank development model
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
2 comments:
“ The nation depletes its local productive resources (crude petroleum, wire, cheap textiles, olive oil) to feed an export-led growth mania and import refined petroleum, gas, motor vehicles, etc.
Overall, the trade deficit is composed of low value-added exports and high value-added imports.”
Why don’t they just keep the productive resources and turn them into higher value added products for domestic consumption?
They're too busy listening to the 'experts'.
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