> the fact that
> Argentina successfully implemented 80% of the neoliberal program and
> yet is still crashing and burning is a powerful argument against
> it--you're never going to be able to successfully implement 100% of
> anything, and so successful development strategies need to be robust
> against market and government failures.
>
> This moves me several steps toward Patrick Bond: Keynesianism in one
> country with stringent controls on international financial linkages
> looks much better in my eyes for development than it did two years
> ago. But it is so hard to raise the capital for industrial
> development internally; it would be so beneficial if a way could be
> found to use the industrial core's vast surpluses of capital...
What about China? Putting aside its innumerable flaws, doesn't China have stringent controls on international financial linkages AND make use of plentiful FDI capital from the industrial core - subject to a range of regulatory measures to aid development?
Seth