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Sunday, October 28, 2012

Finance sector should not be too large

Finance, literally bids rocket scientists away from the satellite industry," Bank for International Settlements economists warned, saying that it competes for people with high qualifications.... "The result is that people who might have become scientists, who in another age dreamt of curing cancer or flying to Mars, today dream of becoming hedge fund managers." "Overall the lesson is that big and fast-growing financial sectors can be very costly for the rest of the economy.
http://www.interaksyon.com/business/46689/growth-not-just-a-question-of-finance-say-experts

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