Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: July 26, 2025
In the rich West $1 in equity generates $3-5 in debt for a total investment of $4-6. In the developing world, $1 of tax-evaded equity generates nothing. The state has to pick up the slack. Growth and employment are public goods and developing countries are in a perpetual state of systemic and multiple market failures. Rather than lend to businesses or households banks thrive on arbitrage.
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