Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (7734)	8/26/2001 9:29:09 PM
From: Moominoid	of 74559

Czech Republic, Australia, and NZ might be deflaland but the level of economic activity is really much poorer in Brazil or Romania. It might be due to the cumulative effects of past and present policy to some extent, though geography and resources were important too. Of course there are huge numbers of well-off people in the Brazils or Chinas of this world too. There is a fantastic gap between them and Chad or Afghanistan or wherever. These gaps aren't illusions. Though I agree policy is important but it has real effects that will take time to correct. The policy of the Portuguese Empire vs. the British Empire is just as important as present day US vs Brazilian policy.

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