Liberalisation is the key to growth ? in Asia and the West

 

Whilst western economies have recently been experiencing recession and stagnation, many countries in Asia have enjoyed rapid economic growth, which has been sustained over several decades. Free-market reforms have been the driving force behind this success story. Liberalisation programmes have enabled Asian business to enter global markets and increasing international trade has been a key vehicle of development. In essence, Asian governments have learnt the lesson that Western governments appear to have forgotten: economic liberalisation brings higher living standards by breaking down artificial barriers that restrict the flow of goods, services and capital.

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Source: http://www.iea.org.uk/blog/liberalisation-is-the-key-to-growth-%E2%80%93-in-asia-and-the-west

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