Why Doesn't Capitalism Flow to Poor Countries?


	Why Doesn't Capitalism Flow to Poor Countries?

jklugman

9-7-2009 6:55 AM

86 views

tags:

development, capitalism, free-market

2 Comments |

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9-7-2009 2:08 PM

rougy44

Capitalism, an economic system, cannot "flow" anywhere.

Poor countries are usually the victims of the capitalist systems in bigger, stronger countries.

It's really as simple as that.

9-7-2009 2:36 PM

kkcapricorn

Excellent clip

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Brookings Papers on Economic Activity - 2009, Number 1, pp. 285-321</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://muse.jhu.edu/login?uri=/journals/brookings_papers_on_economic_activity/v2009/2009.1.di-tella.html">We show that capitalism is far from common around the world. Outside a small group of rich countries, heavy regulation of business, leftist rhetoric, and interventionist beliefs flourish. We relate these phenomena to the presence of corruption, with causality running in both directions. The paper presents evidence that, within a country, those who perceive widespread corruption also tend to demand more regulation. As regulation is held constant within a country, this finding is hard to explain if one assumes that causality runs only from regulation to corruption. We also find that over time, increases in corruption in a country precede increases in left-wing voting. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BACB4CD8-D175-4928-A71B-1CE57EAE755C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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