This will reduce the opportunity for theft. It just makes sense to place more controls into a situation that has less infrastructure that other situations. Assuming that enterprises in chaotic economis will act as prudently as enterprises in stable systems makes no sense. At the present time, the USA model throws foreign currency transactions into imbalance and impovrishes the population by making the country dependent on the world market for essential supplies. This single failure is primarily responsible for much of the damage wrought by the Fund, the Bank and USA style economic prescriptions.
Trade is good, but only if it is in balance.
Trade that is out of balance is bad for every country. Let us have trade in the world, but let us avoid some of the misery and disease that trade can bring when it is out of balance. Please respond and throw some light on these issues. The contents of the messages in this archive have not been reveiwed or approved by neither the Humphrey Institute nor the University of Minnesota.