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To: RussianConservative
"Indonesia....2.5 and back to 3 minus....no really, Britian is brain drain for 30 years now...so is Germany (11%+ unemployment and last year GDP shrink 1%) "

Indonesia? I’m not familiar with the history of their open market policy, but I suspect it unlikely that they were a high wage protectionist state brought down to 3rd world status from cheaper competition.

Brittan has wages comparable to ours. It suffers from some social problems around immigration but bears no resemblance to the 3rd world. At worst, it lost its superpower status when larger freer nations like ours developed.

I suspect that Germany’s problems (far from 3rd worldliness) correlate much more closely to expanded socialization than to opening of markets.

“Greece, Italy, Spain, Portugal”? Again, stagnant semi-socialist states, not third word carcasses wrecked by rampant capitalism.

41 posted on 03/02/2004 8:08:23 AM PST by elfman2
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To: elfman2
Indonesia had a very protected economy with high tariffs. Their fundamentals were flawed, so when Soros engineered a currency crash, the Indonesian economy died. Also, a military dictator-- Suharto was ousted from power and islammic fundamentalism spread.
70 posted on 03/03/2004 4:52:02 AM PST by Cronos (W2K4!)
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