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But the Californian government's aged economic models underestimated the size of this surge.California's reformers were also lulled into complacency by the apparent ease with which other markets had liberalised.
Hungary has also traded on the fact that it moved towards a market economy far earlier than its communist neighbours and, by 1988, had liberalised a far larger portion of its economy.Yet even in Hungary the government is heading for high deficits, which could delay its entry into the single currency.
However, as part of this process it had liberalised portfolio flows considerably more than FDI flows, partly because allowing inflows of the former is easier to achieve politically--many sectors remain closed to FDI owing to the difficulty of overcoming vested interests.
On the same flight, Binet asks Hollande about a Guardian article based on a lunch with foreign correspondents just before his London campaign visit, which quoted Hollande saying there weren't many communists left in France and explaining how the French left had liberalised the economy in the mid-1980s and should not be feared.
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Of the other 20, only 13 have liberalised their markets.
Most important, he has liberalised the exchange rate again.
The government has liberalised and simplified with great zeal.
But as Vietnam has liberalised its economy, so the number of extremely wealthy citizens has skyrocketed.
Anti-nationalists also underestimate just how much the nation state has liberalised in recent decades.
In countries that have liberalised higher education, private-sector entrants have begun to make a difference.
A new law has liberalised the housing market, allowing short-hold tenancies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com