The West escaped from poverty slowly in a legal and cultural context that encouraged free enterprise and the protection of private property. Were developing countries to adopt liberal economic policies, they could achieve in one generation the kind of progress that took the West a hundred years to reach.
Globalization and the Poor
By Ian Vásquez
This
article
appeared in
the Fall 2002 issue of The Independent Review.
Economic FreedomEconomic History and DevelopmentEconomic PolicyEconomyInternational Economics and Development