21/10/2004 3:25:07 pm
The World is Getting Better - Thanks to the Free Economy. According to the International Monetary Fund, IMF, the economies of "emerging market and developing countries" will grow by 6,6 % this year. The countries in Sub-Saharan Africa will grow by 5,8 %. The figures are high indeed. The advanced economies will have a growth of about 2 %. Significantly lower, but a reasonable level. Thus, the entire world economy is growing - we don′t grow at each other′s expense, all can win. And the poorer countries grow the fastest. The reason? We have a more open and globalised world than ever. This benefits the poor countries the most. We can also see how market economic fundamentals such as fiscal discipline and de-regulated markets are established in poorer countries. The world gets better, thanks to a free economy.