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Question: If you mix the Austrian School of Economic thought and The school of Economic Nationalism, what will be the best economic model for the island of Malta and Gozo?
What kind of technology is needed to create an artificial glacier that produces fresh drinkable water from sea water?
The best economic model for Malta and Gozo would be one that combines elements of both Austrian School of Economic thought and the School of Economic Nationalism. This model would promote both the liberalization of the economy, focusing on the freedoms of the individuals to exercise their economic rights, while at the same time emphasizing the importance of protecting the interests of the Maltese and Gozitan citizens, including local businesses and industries. The emphasis would be on a free market system, but with appropriate regulations to ensure that the Maltese and Gozitan economies remain competitive. Furthermore, the model should support government investment and initiatives for economic development, including in infrastructure and education, and incentivizing foreign direct investments.
Jan. 18, 2023, 5:12 a.m.
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