Discussion in 'Economy' started by Toro, Nov 3, 2005.
Good article on "fair" trade
I think it's interesting to note that Korea and Taiwan were literally at the same level as some nations in africa, right after WWII. The asian countries started moving to free trade and capitalism, the africans (I forget which nations specifically) moved towards socialism.
The point about property rights is huge, too. One of these days I'm going to get around to reading my copy of [ame=http://www.amazon.com/gp/product/0465016154/102-7793993-9633742?v=glance&n=283155&s=books&v=glance]The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else[/ame], which is an entire book devoted to explaining why 3rd world countries are stuck in poverty. It also simultaneously demolishes the silly myth of the left that 3rd world countries are examples of laissez faire run amuck.
This is a pretty good read too [ame=http://www.amazon.com/gp/product/0393318885/103-0614431-0225453?v=glance&n=283155&s=books&v=glance]The Wealth and Poverty of Nations[/ame].
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