re Brink Lindsey article

[Charu Tevari <charuX@lucent.com>]

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IPI_Marker

This is a rather poor choice of examples to bolster the case
of free trade. It is well studied and documented that the
'asan tiger' economies periods of greatest growth were
characterised by government managed import restriction
and taxpayer subsidies for export promotion.


11/30/01 10:32:10 PM, Ashish Hanwadikar <ashish_hanwadikar@yahoo.com>
wrote:

>December 2, 1999
>WTO Bashers Would Slam The Door On The World's Poor
>by Brink Lindsey
>
>Brink Lindsey is director of the Cato Institute's Center for Trade
> .........
>Rapid alleviation of mass poverty has been demonstrated in East Asia.
>Consider South Korea in the 1960s, when its economy was on a par with
>those of West African countries. Today its output per head has reached
>the levels of Europe.
>
>Or look at China, where an estimated 160 million people have been
>rescued from poverty in the past 20 years.
>
>The Asian miracle, which still stands despite the region's recent
>financial crisis, shows the rapid gains in human welfare possible when
>countries pursue a policy of "outward orientation."
>
>In the space of a single generation, active engagement in world markets

>and an openness to foreign investment have wrought breathtaking
>improvements in the lives of hundreds of millions.
>
>The chief lesson of the Asian crisis is that if the miracle is to
>continue, Asian nations must open up their economies even further.
>That's the conclusion reached by reformist leaders like President Kim
>Dae-jung of South Korea and Premier Zhu Rongji of China.


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