False Economy by Alan Beattie6/11/2023 Argentina was even better off - it was one of the 10 largest economies in the world. Beattie points out that roughly a century ago, the US and Argentina were identical countries. The author starts with the example of how mainland America is so different from South America (Brazil, Argentina, Chile, et al). It is not fate that determines a country's history, says Beattie. It raises nine such questions, or rather conundrums, and answers each in nine chapters. Why are some countries poor while others are prosperous? Why does Egypt, which has the world's most fertile land, import half its staple food? Why do some countries collapse under corruption, while others do not? Why is a non-democracy such as China economically stronger than India, a democracy? And why are pandas so useless? Alan Beattie, world trade editor of the Financial Times, tries to answer such curious questions in this book.
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