February 22nd 2003


  Buy Issue 2651
Qty:

Articles from this issue:

COVER STORY: Getting a grip on Japan

EDITORIAL: Kiwibank: lessons from NZ

CANBERRA OBSERVED: NSW Liberals in the spotlight as election looms

WATER: Farmers' water rights at risk in the Murray-Darling Basin

Sugar Summit held in Brisbane

STRAWS IN THE WIND: Destruction of wealth / Negative gearing

INTERNATIONAL TRADE: Free trade: where do we stand?

WESTERN AUSTRALIA: Protests in Fremantle

Deregulation and growth (letter)

Iraq and Zimbabwe (letter)

Time to get serious about Australia (letter)

QUEENSLAND: Dangers in Qld Nats' move to become 'relevant'

NORTH KOREA: Is time finally up for dinosaur regime?

Books promotion page

survey link

FONT SIZE:

Deregulation and growth (letter)


by Colin Teese

News Weekly, February 22, 2003
Sir,

I have just read Mr Peter Golding's letter (NW, January 11) I had no quarrel with his observations, but the study from which I drew my information had a different purpose.

From the start, it made perfectly clear that its purpose was not to assert a causal relationship between the better percentage growth rates for the period 1960-80 during the period interventionist capitalist policies were applied, but to contradict the opposite assertion - made without supporting evidence made by market fundamentalists: that globalisationist and deregulationist policies of the next twenty years had delivered better economic outcomes.

The following points are crucial.

The study examined data on all countries for which it was available. In eighty nine (77%), growth rates fell by at least five percentage points when 1960-80 is compared to 1980-2000. Only fourteen countries (13%) saw their growth rates rise by that much from 1980-2000. Even in South East Asia, growth rates were better in the earlier period.

The only regional exception was East Asia, which grew faster in the latter period. This was due to the quadrupling of GDP in China which dominates the area and which, in any case, did not embrace the deregulationist policies.

Much more can be said but if Mr Golding is interested he should acquire the study for himself. I am certain News Weekly could supply him with a copy.

Colin Teese,
Brighton, Vic




























Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

NATIONAL AFFAIRS Cardinal rebuts commission's 'Get Pell' campaign

COVER STORY Anti-discrimination law validates Safe Schools

U.S. AFFAIRS First Brexit, now Trump: it's the economy, stupid!

INDUSTRY AND ENVIRONMENT Wikileaks reveals U.S, funding behind anti-coal campaign

COVER STORY QUT discrimination case exposes Human Rights Commission failings

FOREIGN AFFAIRS How the left whitewashed Fidel Castro

ANALYSIS What is possible to a Trump Whitehouse



News and views from around the world

19-year-old homeschooled pro-lifer wins Ontario election by landslide (Lianne Laurence)

Trump makes right choice for education secretary (National Review)

Transgender conformity (Katherine Kersten)

Sex education programs do not reduce teen pregnancy or STI rates (Philippa Taylor)

Photographer who captured Safe Schools founder harassing bystander shuts down business (Frank Chung)

Is the global middle class here to stay? (Samuel Rines)

Donald Trump could end America's new feudalism (Joel Kotkin)

It just got easier to find the perpetrators of Stalin's purges (David Filipov)

Castro's death eradicate bacillus of old-style Marxism (Gerald Warner)

Labor MP Terri Butler in QUT race case apology (Geoff Chambers)



























© Copyright NewsWeekly.com.au 2011
Last Modified:
December 2, 2016, 2:36 pm