the great debate

Ian Murray seamus2001 at home.com
Tue Aug 21 13:03:25 PDT 2001



> <<as eloquently expounded by economist Ravi
> Kanbur.He says the opposing sides are often both
> right: liberalizing trade,
> for example, does in the long run increase growth and
> benefit all members of society, as the IMF and World
> Bank would tend to argue.>>
>
> How long do they think it would take to show
> improvements?....


> -Thomas

=======

Improvements for who? The bankers and capital market 'engineers' who've fucked everything up or the poor? Given that the economies in question are every bit as difficult to predict as the weather, the moment somebody starts talking about "long run equilibrium" your bullshit detector ought to be way in the brown zone.

Ian



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