Saturday, September 13, 2008

Freeing Markets

Finally, some good news. There are a large number of developing countries who are making significant attempts at large-scale regulatory changes to unleash markets (WSJ). This will do more to eradicate poverty than any of the often self serving commentary by the liberal elite (Times UK). It is ironic that in recent years the countries that have made the greatest strides in championing markets and capitalism are those like China. As the IFC notes:

Countries with liberalized business regulations frequently grow faster than their peers and are more resilient when tough times hit.

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