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**mikaelluioy** · 01-23-2008, 04:15 AM

Originally posted by Barnabas

I think third world countries should stop following the advices given by the first world, and should start following the examples given by the first world.
No rich country tries to get out from a recession by increasing taxes, firing state employees, less spending and all the things required in structural adjustments. Those Third-World countries who have ignored the advice of the World Bank and the IMF (namely China, India and Argentina) have done very well. It's the countries that follow the advice that remain mired in poverty.

01-23-2008, 04:15 AM	#20
mikaelluioy Join Date Oct 2005 Posts 424 Senior Member	Originally posted by Barnabas I think third world countries should stop following the advices given by the first world, and should start following the examples given by the first world. No rich country tries to get out from a recession by increasing taxes, firing state employees, less spending and all the things required in structural adjustments. Those Third-World countries who have ignored the advice of the World Bank and the IMF (namely China, India and Argentina) have done very well. It's the countries that follow the advice that remain mired in poverty.
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