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Japan also does pretty well with very little of those innate advantages.
by twoodfin 11y ago
Japan also does pretty well with very little of those innate advantages.
- marcoperaza 11y agoYep. We have the formula for economic and social development: 1) Strong rule of law 2) Political and economic freedom 3) Regulations that focus on reducing information asymmetry. There are plenty of examples: America, Canada, parts of Europe, Chile, South Korea, Japan, Australia, New Zealand. The rapid development of Eastern Europe (particularly Poland) is a great case-study. But this simple truth is a threat to a lot of entrenched interests, who will fight and deny it every step of the way.