China and the Development Setback in East Asia:
Holding the Crisis at Bay?
Identifier (Artikel)
Identifier (Dateien)
URN:
http://nbn-resolving.de/urn:nbn:de:bsz:16-chakt-116838 (PDF (English))
Abstract
One should not underestimate the power of greed, for when it comes to it, even geniuses can be fools... We succumb to folly the moment we throw prudence and common sense to the wind. Zeal may be a virtue, but overzealousness is a vice
that springs from a simplistic mindset, which gives rise to the periodic pendulum Swings in economic policy. Whether it is blind faith in market-driven solutions or reverent belief in government as the sole arbiter on the production and distribution
of goods, both suffer from the naivite that there are simple prescriptions to complex societal problems.
Statistiken
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Veröffentlicht
2020-07-16
Ausgabe
Rubrik
Sprache
English
Beitragende/r oder Sponsor
GIGA
Schlagworte
Asia, East Asia, South East Asia, People's Republic of China, Economic crises, Economic growth, Crisis, Foreign exchange rates, Credit sector, Money and capital markets, Foreign economy
Lizenz
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Dieses Werk steht unter der Lizenz Creative Commons Namensnennung - Weitergabe unter gleichen Bedingungen 4.0 International.