Hacker News new | ask | show | jobs
by pas 1253 days ago
central banks' main task is to keep economies from im- or exploding. if there's suddenly a big influx of money they have to raise interest rates to balance that out.

development economics is not about the wages, it's more about market access. the problem is that many developed economies (looking at you USA) have protectionist tariffs which make it hard for developing ones to gain market share.