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February 18, 2007
Emerging Market Intervention to Correct Market Failure
In this FT interview, the Dictator of the 'historically Xian' (ah...) Ethiopian vampire state amusingly observesw They intervene in the market to address pervasive market failures and let the markets work where they work well. Coming from him that is very amusing. (See also summary article)
I intend to return to this as there are interesting issues re Western influence in MENA.
Posted by The Lounsbury at February 18, 2007 12:25 AM
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Well, remember, "well-executed" government interventions are supposed to be good nowadays, since markets are so often prone to alleged imperfections--well, Mr. Stiglitz says so.... (Hmm, must practice sounding snarky more often....)
Posted by: Kao Hsienchih ![[TypeKey Profile Page]](http://lounsbury.aqoul.com/nav-commenters.gif)
at February 19, 2007 08:29 AM
