As the product of accumulated labour and wisdom, the farmers dance remains an important expression of the cultural heritage of China s Korean ethnic group.
Thirty years after Thatcherism began to work its cruel magic in Britain (see article), continental Europe still tends to favour a larger state, higher taxes, heavier regulation of product and labour markets and a more generous social safety-net than freer-market sorts like the Iron Lady would tolerate.
Perhaps the most important cause of the thriving black economy is excessive regulation of labour and product markets.
That's partly because Britain's labour and product markets are more flexible than many of its neighbours': the labour market has a safety valve in the form of the 1m workers who arrived from central and eastern Europe over the past four years and are now beginning to go home.
If Poland wants to return to the high growth of the mid-1990s, it needs to speed up structural reforms of its labour and product markets.
ECONOMIST: Strains between governments and their central banks
The agricultural sector accounts for about 30 % of the Gross Domestic Product (GDP) and employs over 70 % of the total labour force.
We came back because we can make this product here for about a tenth of the labour we use in China.
This, combined with the Tory legacy of more flexible labour and product markets, was supposed to prevent future booms and busts.
There is less urgency, it seems, about making painful reforms of Europe's social model, or of its inflexible labour and product markets.
Joint leadership may also work well in the tech world because there is an obvious division of labour between technologically minded product managers and sales and marketing types.
The drop in inflation is likely to be the most pronounced in the developed world because of vast amounts of excess capacity in both labour and product markets.
Oddly, while the Labour Party is run by a product of the public school system and Oxbridge, none of the leaders of any of the other main political parties Iain Duncan Smith of the Tories, Charles Kennedy of the Liberal Democrats, Gerry Adams of Sinn Fein and John Swinney of the Scottish National Party have been to either.
The best way to boost national economic prosperity is to make labour and product markets work more efficiently, speed up the shift of jobs from old industries to better-paying new ones, and improve education and training to prepare workers for tomorrow's jobs.
In the euro's first decade, southern Mediterranean countries enjoyed the benefit of lower interest rates, but they failed to reform their labour and product markets to make their economies more competitive for a world in which they had lost the safety-valve of currency devaluation.
In a working paper published earlier this year, its researchers focused on shake-ups in labour and product markets, as well as tax reforms like reducing the share of direct taxes (on income) in the total tax take.
America's potential growth rate is higher than that of the euro zone and Japan, thanks largely to faster population growth and more flexible labour and product markets.
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