Download Fusion Economics: How Pragmatism is Changing the World by Laurence J. Brahm (auth.) PDF

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  • April 20, 2017
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By Laurence J. Brahm (auth.)

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Stuffing homes with brands did not bring happiness in China, as it did not bring happiness in America either. In both countries, conspicuous consumption has created greed conundrums and distorted values. Excessiveness in any form, whether neoliberalism, socialism, or state capitalism, will ultimately work against itself. There is a negative karma effect in any form of extremism—economic or political. We need an economic middle way, one that is more pragmatic and more holistic. Enter the Tao of fusion economics.

Her assistant was a beautiful Lao girl, who always giggled with one hand coyly over her face, no matter how serious our conversation about the financial or banking crisis was, or how high inflation had rocketed on the free market that day. The Asian Development Bank (ADB) had appointed me as Madame Pany’s adviser with a mandate to draft a blueprint for financial and banking reform in Laos, followed by legislation to implement it. With China temporarily written off and investors’ hope lost, all eyes turned to Southeast Asia.

Pro-China Hong Kong businessmen-cum-politicians became disillusioned. Anxiety over Hong Kong’s imminent handover to China surged among Hong Kong’s population. Those who could not obtain foreign passports vented frustration, and a democracy movement imploded. The repercussions from all of this set Deng’s own reforms back. Reengineering China | 27 Following June 4, 1989, multilateral institutions such as the World Bank, the International Monetary Fund, and the Asian Development Bank all put a moratorium on China.

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