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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (29816)3/20/2003 10:18:30 PM
From: energyplay  Read Replies (2) of 74559
 
Re: Paul Kennedy comments - How does his theory explain Hong Kong , Singapore, Japan, Switzerland, Costa Rica ?
(relatively low resources, high wealth)

How does it explain Mexico, Nigeria, Burma, Phillipines - lots of resources , not much wealth.

Culture, behaviour and incentive matter.

Look a Singapore under the leadership of Lee Kwan Yee - slimey jungle to world class city in about 30 years.

If you want an example with the same geopgraphy, but different cultures separated in time, look at China -
Cutural Revolution vs. the past 10 years.
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