Tuesday, August 25, 2009

Size Doesn't Matter

That is, as long as we get the basics right.

Thorvaldur Gylfason, an economics professor from the University of Iceland, asserts that, to sustain its economic expansion, a relatively small country with a relatively small domestic market cannot afford to keep its economy closed. In other words, Dodoland has no alternative than to embrace global capitalism. It is a matter of survival. Yet, it comes with a caveat:

"Strong checks and balances are imperative in small, heavily politicised, clan-based societies to prevent relations between politics, banking, and business from becoming too cosy, not to say incestuous."

What seems to have precisely gone unnoticed for our skippers and is undermining Mauritius-building. Should you wish to dig further, kindly read La route de Singapour.

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