Global economy

Nonmarket parasites on a market world TAGS: | | | | |


“Robost growth has also produced a number of anomalies. Within an increasingly globalized and disciplined world, certain countries – those endowed with natural resources, especially petroleum and natural gas – are getting free rides.

They are surfing the wave of global growth, getting rich without having to play by most of the rules that govern the global economy. This phenomenon is the strange but inevitable outgrowth of the success of everyone else. These countries are the nonmarket parasites on a market world.”

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