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Would a complete liberalisation of the world market be detrimental for the development of 3th world countries?

Asked by: AngryOrb
  • And so would regulation.

    When we look at a lot (not all) of the third world, especially Africa, complete deregulation of the world market would be a de facto license to steal by both governmental demagogues and military leaders, all supported by multinational corporations trying to bypass laws that limit their ability to suck third world countries dry.

    On the other hand current regulation of the world market is a de facto license to steal by multinational corporations trying to bypass laws that limit their ability to suck third world countries dry, all supported by governmental demagogues and military leaders .

  • Globalization as solution

    I believe a complete deregulation may solve a lot of the current 3th world problems. Products would become a lot cheaper due to the increased competition and production efficiency. Inhabitants of the poorer countries would be able to buy these cheaper products, thus increasing their purchasing power. Due to the increased competition, innovation will become more important to make the difference. This results in the creation of new technologies which will spread to the 3th world, giving them a chance of better development. They should stop focusing on agriculture and import these good from a more efficient country.


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