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Development Doesn't Require Big Government
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Easterly's thoughts on how the swing away from individual initiative, innovation and private enterprise hurt developig countries the last time state run enterprises and state intervention in all aspects of the economy became fashionable, in the 40's and into the 60's and 70's, costing decades of lost progress in many countries. He cautions against learning the wrong lessons from the American experience. The housing bubble and the failure of regulation to be modernized to keep up with changing financial scene and the simple failure of ethical and moderation in behaviour and good business practices teaches other lessons than simply going back to letting the state run things which has not worked in the past.
China's policy actions to address impact of global financial crisis 2008-2012
08/14/2008
Policy actions taken by China to address the global economic crisis's impact on Chinese growth rate including land policy for farmers and export rebates.
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Global Trade Posts Sharp Decline
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Tax Cut Spurs 25% Rise in Chinese Auto Sales
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China's Economic Torch Won't Outlast Olympics
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New York Times 08/24/2008
Creating a model country for Africa, with a healthy economy, and honest, healthy democratic government.
04/19/2007
The efforts in Ghana. How Nigeria and Kenya, the two other places wioth a British past fall short, with corruption, governance along tribal lines, and flawed elections. The related efforts to promote agricultural improvement, and help the farmers of Africa.
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Zambia's Leader Hands Over Power
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An Accidental Leader Stirs Hopes in Nigeria
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Ghana Court Rejects Challenge to President's Election
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Nigeria Finance Cleanup Gains Momentum
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Nigeria's doughty presidential candidate: Mr Anti-Corruption joins the fray
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Long-Delayed Vote Takes Place in Ivory Coast
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What appropriate lessons emerging economies can draw from the global financial crisi of 2008.
10/03/2008
Lessons that emergig economies can draw from the global financial crisis of 2008 may be the wrong ones if there is a return to more state control over the economy which has resulted in wasted decades of development in many countries.
Linked Articles
Economist 10/09/2008
Development Doesn't Require Big Government
Wall Street Journal 10/03/2008
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