> If you overregulate an emerging economy you risk suffocating it.
Oh, absolutely, I agree. I believe the comparison with more developed economies is often in a "why can't we have this flexibility here"-tone, and the answer is that we could and had, but we've discovered that it's better not to.
It feels a bit like thinking "hey, if I leave my tent at home, I'll travel much lighter and hiking will be more fun", which is true, but sleeping won't if the weather isn't in your favor.
Oh, absolutely, I agree. I believe the comparison with more developed economies is often in a "why can't we have this flexibility here"-tone, and the answer is that we could and had, but we've discovered that it's better not to.
It feels a bit like thinking "hey, if I leave my tent at home, I'll travel much lighter and hiking will be more fun", which is true, but sleeping won't if the weather isn't in your favor.