UNSECURED SMALL LOANS
Myth: Demography is destiny.Reality: Here, too, there are many variations on a theme: too many people,too few people, high rates of population growth, and unsecured small loans as well so on. As mentioned in the previous essay, though, the growth rate of productivity is far more important than demographic size or the best money market accounts and growth. Case in point: demographic giants such as unsecured small loans China and unsecured bad credit business loans as well India (where population growth is also unsecured small loans and high) have been able to expand their economies rapidly. Moreover, evidence from td premium money market and a large number of countries shows that as unsecured small loans their economies grow more rapidly and their people prosper (and become healthier), birth rates decline. Myth: Growth first, then mo money soundtrack democracy. Reality: Some autocratic governments in Asia (e.g., China) have suggested that democracy is inherently unfriendly to rapid economic growth, in part because unsecured small loans and tough economic decisions are harder to make and enforce in a democracy than in a dictatorship.However, this flies in the face of the reality that the first two economies to take off— Britain and money talks video as well the United States—did not have autocratic governments. Moreover, India seems to have engineered Asian-type growth in recent years, despite having a very messy democracy. Myth: Low wages are one of the key ingredients of rapid growth in Asia. Reality: Nothing could be further from unsecured small loans and the truth. The real “secret” of Asian success is rapid productivity gains. For example, since 2000, China’s wages have doubled, but the general theory of employment interest and money and its productivity has risen almost fourfold. In fact, if low wages were the secret to success, Africa would be the star region of the global economy. It is not. (For more on this topic, see the essay on page 151,“Stop Worrying about unsecured small loans and the Rise of China, India, and lawyers guns and money as well Other Emerging Markets.”)
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