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It's probably conventional wisdom now that you bring…

“It's probably conventional wisdom now that you bring openness of markets only after the market has developed to a certain level.” quote by James Wolfensohn
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“It's probably conventional wisdom now that you bring openness of markets only after the market has developed to a certain level.”

James Wolfensohn

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Suggests that market openness should follow economic development, not precede it, to ensure stability and effectiveness.

In simple terms: Open markets after development.

Key Takeaway

Delay liberalization until ready.

Themes

economics development policy

Mood

analytical pragmatic

Type

policy economic

When to use this quote

  • emerging economies
  • policy reform
  • investment strategies
  • trade negotiations

Key Concepts

market maturity institutional capacity global trade

Questions to Reflect On

  • When is the right time to open markets?
  • What indicators show market readiness?
A Different Perspective

Premature openness can cause instability.

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