December 13, 2009
Niall Ferguson on China's Fatal Flaw
Posted by Gordon Smith
Here's a fascinating interview with Niall Ferguson. I was particularly interested in his comments a la Douglass North crediting the rule of law with the success of Western economic powers and asserting that China must fundamentally change its legal system or fail. It's not a novel point, but it sounds wonderful in Ferguson's accent. If you don't have time for the whole thing, start at 19:07.
Via Paul Kedrosky.
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