The great turnaround
The New Bazaar
00:00
Is There a Difference Between Debt and Equity?
Every financial crisis you can think of in the last three decades or four decades, these were all crises precipitated by excessive leverage. And so if i, i would love to see the he internationalistionscis get sharper about this point. Yes, and peter, the first three reforms that we discussed inflation, stabilization, opening up to trade and wing in more foreign investment. You found in your paper that these all worked quite definitively, and quite clearly in your conclusions, that they led to a subsequent period of economic growth for the countries that tried them.
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