The Rich Do Not Have To Invest

The Basic Idea Was That If A Country Would Put Its Economy As An Integrated Piece Of The World System, That It Would Benefit From That With Economic Growth. I Concur With That Basic View.

In Asia, A Lot Of Successful Economies That Had Been Living On Their Own Saving, Decided To Open Up Their Financial Markets To International Capital In The Early 1990s. So Here Were Countries Doing Quite Well, But They Decided To Borrow A Bit More And Do Even Better.

If You Have A Lot Of Short-term Debt, It Means That All Of That Money Can Be Demanded In A Very Short Period Of Time. Technically, Short-term Debt Means Money That's Coming Due Within A Year. Typically, It Means Money That's Coming Due Within 30 To 90 Days.

Unfortunately, The Real Focus In This Country Has Not Been On The Rest Of The World. It's Been On Our Own Issues And Our Own Problems. Fair Enough. But It Means That Our Simple Hopes That Everything Will Just Work Out Abroad Aren't Really Coming To Pass.

Every Morning Our Newspapers Could Read, 'more Than 20,000 People Perished Yesterday Of Extreme Poverty.' How? The Poor Die In Hospital Wards That Lack Drugs, In Villages That Lack Antimalarial Bed Nets, In Houses That Lack Safe Drinking Water. They Die Namelessly, Without Public Comment. Sadly, Sad Stories Rarely Get Written.