This Is Our Greatest Challenge: Learning To

In The Early 1990s, When A Lot Of The Developing World Opened Up To International Capital Flows... They Ended Up In Very Good Long-term Projects, But Projects That Weren't Going To Pay Off For Five Or 10 Or 20 Years.

The Truth Of Good Economic Doctoring Is To Know The General Principles, And To Really Know The Specifics. To Understand The Context, And Also, To Understand That An Economy May Need Some Tender Loving Care, Not Just The So-called Hard Truths, If It's Going To Get By.

Despite A Decade Of Criticism And Budget Cuts, The Specialised Un Agencies Have Far More Expertise And Hands-on Experience Than Any Other Organisations In The World.

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.

We Had A Booming Stock Market In 1929 And Then Went Into The World's Greatest Depression. We Have A Booming Stock Market In 1999. Will The Bubble Somehow Burst, And Then We Enter Depression? Well, Some Things Are Not Different.