Wednesday, July 7, 2010

Quotation of the day for July 7, 2010

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Quotation of the Day for July 7, 2010



"About 70 percent of the Kyrgyz economy rests on reselling goods from China to Kazakhstan, taking advantage of Kyrgyzstan's status with the World Trade Organization, to which Kazakhstan doesn't belong. This allows the Kyrgyz to import at lower tariffs than what they charge on export. This, to say the least, is not a sustainable economy."

- Borut Grgic, the founder and director of the Institute for Strategic Studies in Ljubljana, Slovenia.

[The submitter notes: And you thought the US economy was in trouble!]

[http://www.nytimes.com/2010/06/01/opinion/01iht-edgrgic.html]

Submitted by: Manavendra Thakur
May 31, 2010

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