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This is very good. I'm going to have to come back and read it again.

One thing strikes me though: the description of the "Dutch disease" - one high-yield activity substituting for one or more others - seems on the surface to be analogous to what's supposed to happen within a trading country according to the theory of comparative advantage.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Mon Jun 18th, 2007 at 05:14:26 PM EST
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