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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Autor</th> <th class="thCornerR">Wiadomość</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>john2072</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="http://picsrv.fora.pl/xeon/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Wysłany: Sob 11:09, 05 Mar 2011<span class="gen"> </span> Temat postu: On the Makaloa Mat LondonJack Publishedaamdnp</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">l countryit is to keep the cost base comparatively lowwhich <br />is largely a matter of doing nothing more complicated than adopting a <br />macro-economic policy of low interest ratesan accommodating monetary <br />stance and a competitive exchange rate. The result will be to promote the <br />type of economic activities which generate high and sustainable rises in <br />output per head. The economic history of the last two centuries across the <br />world shows how universally effective this kind of policy stance has been at <br />20A Critical History of Economics <br />promoting growth. The key characteristic of almost all economies which <br />have grown quickly has been a highly competitive export sectorgenerat- <br />ing exactly the sort of cumulative economic success attributed above to low <br />cost base economies. Converselythose with high cost bases have seen their <br />economies stagnate. <br />Does the adoption of such a policy involve abandoning any attempt to <br />tame market forcesand accepting that nothing can be done about all the <br />negative features of globalisation? Not at all. The stronger any country��s eco- <br />nomic positionthe better placed it is to control its destiny and to decide for <br />itself how it wants its affairs to be run. Of coursethere will still be <span style="font-weight: bold"><a href="http://www.louisvuittonoutletzone.com/" target="_blank" class="postlink">original louis vuitton</a></span>yilai: <br /><a href="http://www.jordanheelsoutlet.com" target="_blank" class="postlink">nike high heels</a> <br /> <br /> <br /> <a href="http://www.rosj.fora.pl/wasze-motocykle,12/on-the-makaloa-mat-londonjack-published-ccaaijoj,43338.html#43768" target="_blank" class="postlink">http://www.rosj.fora.pl/wasze-motocykle,12/on-the-makaloa-mat-londonjack-published-ccaaijoj,43338.html#43768</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="http://picsrv.fora.pl/xeon/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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