Here's my piece at The Mint magazine on instability economics. Most Western economists think the natural state of an economy is stability. though shocks can temporarily force it out of its normal stable orbit and it evolves over time. But I argue that when you take into account the storms constantly experienced by developing countries, economic history shows the natural state of the global economy is instability, not stability.
themintmagazine.com/the-illusi

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@Frances_Coppola Germany made a fuss about being able to get its boats out after WW1, didn' t it. When they did, they just sank everyone else's and caused trading issues.

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