January 27, 2004

Free Trade

I was hoping to get this recent article on Econotarian.org, but here you go:

A Smoother Road To Free Markets
Chile's Success Makes the Case For State Involvement in Economy

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Salmon illustrates why this country is Latin America's most successful convert to globalization. While neighboring countries sputter, crash and protest against their stumbling economies, Chile is selling more fish, fruit, wine and other goods abroad than ever before, fueling the longest period of economic growth in the nation's history.

No other country in this part of the world has grown more since 1990, inspiring Wall Street, the White House, economists and other gurus of unregulated capitalism to praise this nation of 15 million people as a shining example of what developing countries can accomplish if they tear down their walled-off economies and faithfully follow Washington's blueprint for prosperity.

But the arc of Chile's salmon industry also illustrates how this country assembled Latin America's most dynamic economy by doing quite a bit more than simply stepping out of the way of the free market.

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Posted by cradle at January 27, 2004 4:23 PM
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