Sunday, March 25, 2007

How poor countries subsidise rich countries


  1. Reserves.
  3. Fiscal subsidies for foreign investment.
  4. The brain drain
  6. Global warming - which everyone will pay for.



1 comment:

  1. I think fiscal subsidies pay for themselves, if not in tax revenues in the long term then by increased spending capacity of newly employed working in the a new factory or IT company. And rich countries provide subsidies too - poor ones have to compete.

    I think reserve and climate change, for which payment will be demanded by rich countries (and rich activists) by beating the poor countries in submission, are the key. Reserves have clearly subsidized consumption in rich countries while punishing locals with high interest rates during raising inflation periods such as now.

