Nov 8, 2010

No such thing as the mystery of economic development

I just came back from 2 weeks in Madagascar. While some see it as a hopeless lost cause, with no government since the coup d’état and poverty and crime rising, I tend to believe more and more that there is no such thing as a mystery of economic development. Development is the default, and governments block it to various degrees across countries. Just don’t hassle businesses and the country will grow all by itself. Posts on Madagascar to follow this week.

1 comment:

Dany Jaimovich - Bakary Baludin said...

95% of disagreement with this idea. Sounds like the most naive version of the Washington Consensus. But I'm sure deeper thoughts are coming.