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05/07/2006

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postkey

"The overall trend during the past several decades in practically all countries of this region has been toward more open economies with greater competition within industries, with much more reliance on private enterprise, and with a reduced role for government mandates, government-run enterprises, and cronyism."

If this has been the case then it does not appear to have been a success. "You had growth {in Latin America} of 82 percent ñ in income per person ñ from 1960 to 1980, and only nine percent from 1980 to 2000. For the current decade so far we have just a little over one percent."
http://www.cepr.net/columns/weisbrot/2006_03_lagrowth_transcript.htm

Pablo H.

Readers might be interested in this new book by the OECD's Javier Santiso, "Latin America's Political Economy of the Possible: Beyond Good Revolutionaries and Free-Marketeers"

http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=10768

Presentation:
http://www.oecd.org/dataoecd/14/48/36133222.ppt

postkey

Latest figures for 2000-2005 - 4%.

Arun Khanna

Three kind of developing countries seem to exist worldwide: Countries whose leaders hate their people; countries whose leaders hate the west but personally ape the west and countries whose leaders either have (or the system forces them to have) some level of concern for their people.
Most Islamic countries fall in the first category, many Latin American and African countries fall in the second category, China, India and many other countries fall in the third category.

Larry

Arun Khanna-
China, India and many other countries fall in the third category.


I may agree with you about India. It is a democracy, so the gov't is accountable to the people. But China? China?! Ask the people in Tianenmen Square. Ask the Falun Gong! C'mon.

Stu

Bastiat(appropiately named) has given the most succinct description of how the greatest program ever devised by man to eradicate poverty works. I congratulate you for your brilliance and teaching prowess. I look forward to reading more of your posts.

assman

I don't see why its unfair to link socialism and corruption when all socialist countries without exception are extremely corrupt. If you think America is corrupt and you are living there then let me ask you a single question: When was the last time you paid a bribe. Silence. Ya I thought so.

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