ints390 reading journal 2

ints390 reading journal 2 - Cait Bold INTS 390 Reading...

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Cait Bold INTS 390- Reading Journal September 12, 2011 As is evident in Dollar and Kraay’s analysis in “Trade, Growth, and Poverty”, globalization has the potential to vastly improve the economies of developing countries. In fact, developing countries that choose to globalize actually stand a chance in reducing the gap between rich countries and poor countries. This is due to increased rates of growth for globalizing developing countries and stagnant growth rates among rich countries. The question then becomes not if countries should globalize, which statistics say they should, but how . Unfortunately for many countries across the globe, the ever popular “10 Step Method” as proposed in the Index of Economic Freedom simply doesn’t work and can actually prove detrimental to developing countries. Development should not simply follow some cookie-cutter self-help steps, but should rather be personally tailored to each country’s needs and resources. A regrettable but fitting example is the one of Mongolia purported by Reinart in
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ints390 reading journal 2 - Cait Bold INTS 390 Reading...

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