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Today that's called "The State Development Capitalism Model" as opposed to the market-led capitalism model in "The Washington Consensus" and I think it has a lo
by tdaltonc 11y ago
Today that's called "The State Development Capitalism Model" as opposed to the market-led capitalism model in "The Washington Consensus" and I think it has a lot to recommend it. But the hand-off to a first world economy and governance style is really really tricky (see the "middle income trap").
- vlehto 11y agoAh the good old "national socialism". It worked good for Nazis for a short while. But I don't think we have no long term data? Francoist Spain suffered from trade restrictions and Baathist countries used to benefit "unfairly" from oil. I suspect the problem is the same. Your indicators get skewed if you accept them as goals. Bit like if you go to school, not for learning, but for getting good grades. It's going to kick you sooner or later, but at latest in academia.