In recent weeks the alarm of possible Vietnamese currency crisis suddentl emerge , with the warning from Morgan Stanley. MS urged Vietnamese government to...
On the Attac statement that I circulated yesterday, while I agree with the broad aims I disagree with the retorics - e.g. 'disarm the markets'. Trying to...
Sir, Dominic Lawson in his column of Friday 6 June (‘Don't blame free trade for food price rise’) asserts that all agricultural tariffs - in Africa, in the...
Dirk, You are right. I repeat what I have said many times before. The current crisis is due to ignorance of a fundamental truth of agriculture, that nature,...
Not much scope for controversy here, Geoffrey. In this debate I like to quote Adam Smith, much abused as the father of all free traders: 'The first object of...
Dirk, I knew there was a quote in Smith somewhere. Many thanks. We need to add it to the credec banner. Geoff ... From: D.J.Bezemer To: gang8@yahoogroups.com ...
You nearly quoted it in your previous message! ('The first duty of any national government is to ensure the food supply of its people, at whatever cost.') I...
I attach a message from Professor George Selgin about his book 'Good Money'. Having seen this book in draft I commend it highly. See the reviews at the website...
Dirk, I cannot see that you circualted any statement regarding Attac? Arno ... From: Dirk Bezemer To: gang8@yahoogroups.com Sent: Thursday, June 05, 2008 11:16...
Dirk, I have scanned and uploaded more books by List etc here www.arno.daastol.com/books/ Concerning Africa, I applied for research funds some years ago for a...
"Agricultural development is a dead end by itself. I believe. And indeed, this was the opinion of the person mentioned above. " Indeed, this is what I argued...
Dirk, ... be the road leading to industrial development. Well, List did not say that agriculture was of no importance, especially so since in his time...
well Arno, I couldn't agree more with that development model. In our time, the role of agriculture has been underemphasized and that's why I bang on about it. ...
Dirk, Yes, everything is relative to its time. The reason Hamilton and List kept on banging about industry and infrastruture, was that the Physiocrats (and...
Lian, 1) The effects that you point out seem reasonable - regarding depreciation of the Vietnamese Dong. 2) The long term cure - build infrastruture and...
Dirk (annd Lian), Excerpt from a chapter I wrote a few weeks ago: Balanced Development Harvard's Theodore von Laue points out that List elaborated on...
Arno, Thanks for sharing. Isn't it exciting how old writers are sometimes so spot on? As an illustration of Lists' thesis, I attach a graph showing that FDI in...
Hi Dirk, Foreign investment cannot impact growth (positively). 1. I have confirmed earlier work arguing that FDI and portfolio investment are substitutes...
Hi Richard, Thanks for engaging. Of course I am familiar with this argument, as presented in your 1994 article and 2005 book. Agreed, except on the ...
Hello Dirk, Your argument is that the sole positive impact that FDI potentially could have on growth is via technology transfer. There is no convincing...
Hi Richard, There is no convincing empirical evidence that technology is transferred? There are actually many studies identifying such spillovers (three ...
Dirk, So we agree that there is no convincing evidence that in general technology is actually transferred to developing countries? I will take a look at Robert...
Richard, We agree ( I think) that sometimes but not as a general rule technology is transferred. It may boost growth but there are a lot of additional ...
Dirk, Fine, concerning the transfer of technology. Whether in those infrequent instances where technology is transferred this will then boost growth is a...
Well said, Geoff ... From: Richard Werner To: gang8@yahoogroups.com ; 'Erik S. Reinert' ; 'Erik S. Reinert' ; 'D H M Akkermans (FEB)' Sent: Thursday, June 19,...
Michael, Thanks, excellent article. As an agricultural economist I am following the discussions on the food price spike (or higher plateau). What are the views...
Richard, ...and all, this discussion was closed in agreement, but as a postscript I realised later that we were talking at cross purposes! I think. When FDI...
If a foreign forms invests, it can: a) borrow the money domestically in local currency and pay it to the seller, or b) pay from a loan elsewhere or from...