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Comment by yaacov

IMF/World Bank stuff actually works, see https://en.m.wikipedia.org/wiki/Economic_liberalisation_in_I... as an example. “Trying things” is good, but more countries should try IMF reforms like India’s.

> From 1992 to 2005, foreign investment increased 316.9%, and India's gross domestic product (GDP) grew from $266 billion in 1991 to $2.3 trillion in 2018[6][7] According to one study, wages rose on the whole, as well as wages as the labor-to-capital relative share.[5]

> As an effect of the liberalisation in 1991, extreme poverty reduced from 36 percent in 1993-94 to 24.1 percent in 1999-2000.[8]

parent yaacov 3 years ago

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