Senin, 30 Maret 2009

The establishing of an interventionist economic policy



It might seem that such system is likely to strongly complicate business and the life of the consumers. In the era of data-processing payment, this system is much simpler to put in practice than it seems (especially with the use of electronic money). This complexity brought a true degree of freedom to the local economy and preserving it from the global economy. The market local asphyxiated by the shortage will be able to finance new industrial projects. This market should however bring together consumer who consume new technologies very little. Monetary division will allow to develop the underdeveloped part of the country and to adapt specific monetary policies to this part. Thus, it will be possible to apply an economic policy to the specific social problems of the country. For example, if an insufficiency of consumption is the cause of social trouble, a specific fiscal policy could be adopted to these area without impacting other part of the economy. The best policy that I know, is the one applied in South Korea and in Japan between 1970 and 1985. The state controls the growth and uses market statistics assessment of the ministry of the economy in order to direct investment to the most promising sectors of the economy. So, many investments were directed to high technology which are considered by investors to be too risky or provide solution which are far away than present need of the domestic market.

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