Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I'm with you on the sustainability and lack thereof.

But isn't the inevitable effect of comparative advantage that someone goes to the wall in the medium term (albeit everyone will ultimately be better off when used as directed)?

IANAE, but it just seemed to me from the way Jerome described it that the "Dutch disease" triggered the same mechanisms one would expect to see when transitioning to a comparative advantage scenario.

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 05:58:51 PM EST
[ Parent ]

Others have rated this comment as follows:

afew 4

Display:

Occasional Series