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It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of...

It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of...

Sonny Coloma As Asia regional adviser on development management for the US Agency for International Development (USAID), Dr. David Korten traveled frequently to Southeast Asia and the Philippines. Author of several books that present alternative views on capitalism, he shares with readers what he has learned from his travels. He recalls an insight that came to him in Baguio City while on a 10-day retreat with leaders of six major Asian non-governmental organizations.  They were grappling with the reality of continuing impoverishment and erosion of social and ecological moorings in their coun...