Before the current economic crisis exploded, most Asian policymakers and intellectuals believed that when it came to the theory and practice of economic development, the west knew best. This conviction was justified. For two centuries or more, western economies had far outperformed their own. Asian economies only began to perform well when they accepted and implemented Adam Smith's theories of free-market economics.
本次經濟危機爆發前，大多數亞洲決策者和知識分子都認爲，在經濟發展的理論和實踐方面，最在行的是西方。這種信念是合理的。過去的200年（甚至更長時間）以來，西方各經濟體的表現遠遠超過亞洲。只是在亞洲國家接受並實踐亞當•史密斯(Adam Smith)的自由市場經濟學理論之後，它們的經濟纔開始有了良好表現。
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