ArgueEverything
20th June 2002, 10:07
http://www.commondreams.org/views02/0616-01.htm
"Even those countries which have greatly benefited from the expansion of world trade (such as South Korea or China) often went through a phase of protecting industries before vigorous expansion of exports and trade. So, trade liberalization is partly an answer, but the economic steps involved have to be carefully assessed: the policies cannot be driven by simple slogans. "
so says the winner of the Nobel Prize for Economics in 1998.
do the capitalists concede, then, that perhaps the 3rd world shouldn't be as quick to rush into privatizting all their public utilities as the IMF and WTO would have them be?
Sen also states in the same article:
"The rich countries can do a great deal to reduce hunger in the world. First, the displacement of democracies in poor countries, particularly in Africa, often occurred during the Cold War with the connivance of the great powers. Whenever a military strongman displaced a democratic government, the new military dictatorship tended to get support from the Soviet Union (if the new military rulers were pro-Soviet) or from the United States and its allies (if the new rulers were anti-Soviet and pro-West). So there is culpability on the part of the dominant powers in the world, given past history, and there is some responsibility now for rich countries to help facilitate the expansion of democratic governance in the world. "
will the capitalists accept this "responsibility"?
(Edited by ArgueEverything at 10:10 am on June 20, 2002)
"Even those countries which have greatly benefited from the expansion of world trade (such as South Korea or China) often went through a phase of protecting industries before vigorous expansion of exports and trade. So, trade liberalization is partly an answer, but the economic steps involved have to be carefully assessed: the policies cannot be driven by simple slogans. "
so says the winner of the Nobel Prize for Economics in 1998.
do the capitalists concede, then, that perhaps the 3rd world shouldn't be as quick to rush into privatizting all their public utilities as the IMF and WTO would have them be?
Sen also states in the same article:
"The rich countries can do a great deal to reduce hunger in the world. First, the displacement of democracies in poor countries, particularly in Africa, often occurred during the Cold War with the connivance of the great powers. Whenever a military strongman displaced a democratic government, the new military dictatorship tended to get support from the Soviet Union (if the new military rulers were pro-Soviet) or from the United States and its allies (if the new rulers were anti-Soviet and pro-West). So there is culpability on the part of the dominant powers in the world, given past history, and there is some responsibility now for rich countries to help facilitate the expansion of democratic governance in the world. "
will the capitalists accept this "responsibility"?
(Edited by ArgueEverything at 10:10 am on June 20, 2002)