Liberal Democracy (was Robert Mundell: Genius unbound)

[Brad De Long]

>I am not even sure what the question here is--whether there is a
>substantial transfer of value on an intl scale? Substantial in terms of
>the GDP of the transferring country? Important to maintaining
>profitability in the country to which it is transferred?
>  Rakesh

Good point. 2% of OECD GDP is 10% of LDC GDP...

Brad DeLong