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Reply #62: I'm not for strict IMF following. And I think that yes - countries need to [View All]

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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 05:43 PM
Response to Reply #59
62. I'm not for strict IMF following. And I think that yes - countries need to
have the option of protection of some industries for a bit. The big issue to me is ownership of land and land rights and property deeds and such. DeSoto talks about how the lack of clear and present laws in most of the less developed nations makes it so that credit or accumulating wealth is impossible unless you are already rich and can bribe your way out of bad laws.

Personally - I would like to see more improvement of laws in many nations and distribution of land fixed to be more balanced. Those are the big issues that separate the poor from the newly industrialized - and they result in middle class.

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