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Pastimes : Kosovo

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To: goldsnow who wrote (9456)5/21/1999 6:27:00 PM
From: Hawkmoon  Read Replies (1) of 17770
 
Finally, an excellent point from you!!

Certainly the US is not going to just dole out its wealth without a few stipulations on how it is spent.

Since many nations remain poor as a result of extensive corruption in their business sector and government, their "ability" to participate in the global economy is hampered by their internal issues.

Re-distribution of wealth for the purpose of encouraging development in emerging and undeveloped economies will remain the major obstacle to world government. Before there is world gov't there has to be a relatively level playing field among economies.

That's one of the reasons the IMF is selling gold to repay the debt of these poor countries while for the US to continue to keep their trade policies open even though we are suffering a tremendous trade deficit.

Regards,

Ron
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