The name - Anglo Disease - fits like a glove to these repeated descriptions of the Anglo- American financial capitalism model. But, more interestingly, the article provides explicitly, for the first time as far as I can ascertain, the explication that I've been using as to why this model was tolerated for so long:
But, more interestingly, the article provides explicitly, for the first time as far as I can ascertain, the explication that I've been using as to why this model was tolerated for so long:
A well defined model can be written on the back of a business card. Rutherfordian ------------------------------ RDRutherford
But if you want to spell out which countries may be exposed to a kind of Dutch Disease then it would be better to have Net Financial Services Exports as a percentage of Exports. The way you have it does not control for economies that exports make up a disproportional aspect of the GDP.
Or in other words, it matter little whether there is a lot of exports as percentage of GDP if it is proportional to the whole economy. Rutherfordian ------------------------------ RDRutherford
Thus if one segment of exports in X is 2% of GDP that is high as a percentage of exports but not GDP. And if one segment in Y has 4% of exports of GDP that really does not signify much external exposure as percentage of total exports.
That is one reason I think the Caribbean countries had such high levels of GDP but may not be the same level of exposure. Just trying to differentiate between high exporting countries and not. Rutherfordian ------------------------------ RDRutherford
