Monday, July 05, 2010

The third world is looking robust

In two articles I've just read, Southeast Asia and Turkey seem to be booming while the United States and Europe are in the doldrums. To quote part of the article on Turkey:

So complete has this evolution been that Turkey is now closer to fulfilling the criteria for adopting the euro — if it ever does get into the European Union — than most of the troubled economies already in the euro zone.

The comfortable feeling that we know how to do things and everybody else needs to learn from us may have been true. Fortunately or unfortunately, they appear to have learned what they need.

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