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Lessons from Asian capitalism

3 September, 2010 - 11:30

Thoughts to ponder for those in Africa who believe in mimicry rather than adaptation and self-generation, Kishore Mahbubani wrote in the FT:

...the strengths of Asian capitalism are greater than the weaknesses. Within a decade Asians will have some of the largest free trade areas, including those between China and the Association of South East Asian Nations, the Japan-Asean FTA, and the Indian-Asean FTA that is likely to be set up. Recent history has taught Asians a valuable lesson: more trade leads to greater prosperity. In the Asian way - two steps[...]

[Published in NonProfitBlogs - Read the original article]