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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (59631)	12/2/2002 10:27:29 PM
From: JohnM	Read Replies (2) \| Respond to of 281500

I think Stiglitz is playing a very dangerous game with these Foreign Students. He is not coming totally out against "Free Trade," but he is confusing the issue. His students are the ones who are going to go back and run the economics of their countries, and if they take his conflicting viewpoint back with them, they can turn their countries into "India." Well, that's definitely a point of view. Of course, just to be contentious, they can turn it into "China." I assume you read the article which noted how much further ahead of India China is economically. Those are two contrasting models for the role of participation in the state as it shapes an economy. The China model fits into that old model of authoritarian states as best for development. Much talk that Asian societies did that. All of which is to say I don't see any simple or easy statements possible here. Stiglitz' criticisms of the Chicago work via the IMF make sense to me but I'm far from being able to argue them in any serious fashion. And don't plan, at least in the near term, to get there. I just consult my own personal expert, my brother, who is a reasonably serious economist.