ungovernability over the decades I should say. The quest for economic diversification has not quite materialized, no matter how hard we’ve tried to prioritize that agenda. Stakeholders here have only protected their turf, with everyone who should shift a little, and sacrifice some advantage, often digging in and maxing out.
The idea is to get as much as possible from the rest of the world. For in spite of all the global conventions and agreements, it’s still a dog-eat-dog game out there, with every nation angling to get a leg up over others. These times are unique and tough. It is the time that economic managers have thrown their ideologies overboard. It is the time for survival. Pragmatism reigns. Some say we are in another neo-Keynesian era; let’s say Keynesianism reloaded and on steroid.
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