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To: bajabaja
Baja, excellent post. Few people realize that Mexico has FAR from a free market. It may have given up on complete "import substitution" (a fancy word for protectionism) but Mexican law effectively encourages duopolies/monopolies in the interest of "stability" and the "national economy."

It never ceases to amaze me how many Freepers these days want to adopt the economic policy of import substition which was so popular in Latin America and much of Asia from the 1950s until the late 1980s. For all their ranting about "third world immigrants" (and, I must interject here, that I am for deporting ALL illegals myself), they certainly want to adopt the protectionist policies so popular in the Third World until relatively recently.

46 posted on 12/30/2007 1:22:20 PM PST by Clemenza (Ronald Reagan was a "Free Traitor")
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To: Clemenza

India and China were the biggest adherents to these policies, until gap between their economies and the economies of the West became too glaring to ignore. Both had convinced themselves that the West’s (relatively) open trade policies impoverished them, until they cut themselves off and discovered the meaning of real poverty.


52 posted on 12/30/2007 1:33:21 PM PST by Zhang Fei
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