Monday, October 01, 2007

Bill Easterly on ABD


-- United Nations Conference on Trade and Development, a body that has long distinguished itself by promoting all the bad ideas that stifle both trade and development.

-- But any Asian leader who hasn't already figured out that trade should be mainstream after Asia's world-historical trade explosion is past the point of rescue anyway.

-- Successful trade booms (and the accompanying infrastructure demand) come about through letting free market entrepreneurs run wild to find things foreigners want rather than consulting ADB bureaucrats on designing a "national development strategy."

-- All of which goes to show that the ADB's fundamental problem is that it needs advice from successful Asian countries more than they need advice from it.

More this WSJ oped.

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