> It's become clear by now the fall of the Berlin > Wall and the collapse of communism in most > places around the globe hasn't ushered in an > unequivocal flowering of capitalism in the > developing and postcommunist world. Western > thinkers have blamed this on everything from > these countries' lack of sellable assets to > their inherently non-entrepreneurial > "mindset."
> Hernando de Soto proposesand argues another reason... > the real problem is that such countries > have yet to establish and normalize the > invisible network of laws that turns assets > from "dead" into "liquid" capital. Having been engaged in economic development project work in the former USSR since 1997, I totally agree with this view! Even the more progressive countries e.g., Bulgaria, have only scratched the surface in establishing clear land title and the banking system does not yet support asset management via checking accounts so folks are still carrying suitcases full of money to purchase a refrigerator or TV. eg Elwin Guild Future Development International Baltimore __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com * * ========================================================== [email protected] ------------------------------ To subscribe, unsubscribe, change your options, view the archives of [email protected], Visit: http://listserv.boisestate.edu/archives/oslist.html
