 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 original louis vuittonyilai: nike high heels http://www.rosj.fora.pl/wasze-motocykle,12/on-the-makaloa-mat-londonjack-published-ccaaijoj,43338.html#43768 |
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