There is some truth to the argument that the regions economic dynamos had it easy back then. Nations with scant resources and hardworking populations were able to export their way to wealth in the past three decades. One reason was that markets in North America and Europe were open and booming. Cold-war imperatives also helped. In part, they enabled some countries to protect infant industries. Todays world is a harsher place. Developed countries are still in the grip of recession and a developing nation may face retaliation for even the most innocuous form of nontariff barrier for example, tax incentives for certain industries. But as Asia becomes wealthier, it will serve as a huge new market to which developing countries can sell their goods.
Readers of the World Bank study would do well to remember that its sponsor is an organization that deals essentially governments. It was created to help them intervene in the development process. Its prescriptions can be faulty if they call for strategies to be imposed from the top instead of generated by businessmen. Hopefully, the banks report will note that in the end it is economic freedom to apply entrepreneurial creativity, work hard and reap the rewards of such efforts that makes any individual or nation wealthy. That was, and is, the secret of Asias success.
contemplate vt.1.盘算,计议 2.思量,对周密考虑 3.注视
ponder vt. 思索,考虑,沉思
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