Thursday, October 30, 2008

Financial Services

What happens when you adopt policies intended to strongly orient your economy towards financial services, and then the financial services sector collapses? This:

"Iceland's GDP could shrink by 85 per cent"

Since a major objective of corporate-oriented free-trade policies is the development of the financial services and resource extraction sectors to the detriment of domestic manufacturing, it may be wise to have a debate about the wisdom of those policies.

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