Friday, February 22, 2008

While Everyone Obsesses over Exploding Phallic Symbols

"The world needs a more pragmatic, country-by-country approach, with room for neomercantilist regimes until such countries are firmly on the convergence track. Poor nations should be allowed to do what today's rich countries did to get ahead, not be forced to adopt the laissez-faire approach. Insisting on the merits of comparative advantage in low-wage, low-growth industries is a sure way to stay poor."

Bruce Scott - "The Great Divide in the Global Village"

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