john2072
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Dołączył: 26 Sty 2011
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Skąd: England
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 Wysłany: Sob 11:09, 05 Mar 2011 Temat postu: On the Makaloa Mat LondonJack Publishedaamdnp |
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l countryit is to keep the cost base comparatively lowwhich
is largely a matter of doing nothing more complicated than adopting a
macro-economic policy of low interest ratesan accommodating monetary
stance and a competitive exchange rate. The result will be to promote the
type of economic activities which generate high and sustainable rises in
output per head. The economic history of the last two centuries across the
world shows how universally effective this kind of policy stance has been at
20A Critical History of Economics
promoting growth. The key characteristic of almost all economies which
have grown quickly has been a highly competitive export sectorgenerat-
ing exactly the sort of cumulative economic success attributed above to low
cost base economies. Converselythose with high cost bases have seen their
economies stagnate.
Does the adoption of such a policy involve abandoning any attempt to
tame market forcesand accepting that nothing can be done about all the
negative features of globalisation? Not at all. The stronger any country��s eco-
nomic positionthe better placed it is to control its destiny and to decide for
itself how it wants its affairs to be run. Of coursethere will still be [link widoczny dla zalogowanych]yilai:
[link widoczny dla zalogowanych]
http://www.rosj.fora.pl/wasze-motocykle,12/on-the-makaloa-mat-londonjack-published-ccaaijoj,43338.html#43768
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