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Wednesday, July 26, 2006

NEW ECONOMIC FIGURES FOR LATIN AMERICA LOOK GOOD --- BUT ARE THEY GOOD?

The U.N. Economic Commission for Latin America and the Caribbean (ECLAC, or CEPAL in Spanish) has just put out its mid-year figures, projecting a 5 percent economic growth for the region in 2006, the fourth consecutive year of continuous expansion. That's the good news. But the (somewhat disguised) bad news is that, despite its best performance in the past 25 years, Latin America is the slowest-growing region in the developing world. Read the full press release and country-by-country figures at this site.

4 Comments:

Blogger leftside said...

What do you know, Argentina and Venezuela still lead the region in economic growth. Cuba is probably next. Meanwhile neo-liberal Central America brings up the rear.

10:36 PM  
Anonymous Anonymous said...

Leftside, the oil is leading the growth!!! Argentina and Cuba are getting money from Venezuela.

At least in Venezuela there is no real growth:

The poverty levels are the same, if not higher, than in 2000.

50% of the working force is “informal”; they work selling things on the street.

The crime rate is as high as never before, we have 50 or 60 people kill per week (our population is +29Millons)

¿Where is the money produced by the oil going?

Three hints: non permanent UN security council seat, spread of the communist system trough Latin America, weapons shopping for “when the Empire attacks”

¿Is this growth?

ESG, CCS Venezuela

8:39 AM  
Blogger leftside said...

Anon, living in Venezuela you must concede that this is the biggest boom time since the 70s. Of cours, oil markets play a big part, but if Chavez didn't take back the oil for the people's benefit, the profits would be in the hands of a few rather than the social building going on everywhere.

The poverty rates ARE well down - and going down further as we speak. Venezuela on its way to halving poverty in a few more years. Your info is late, we've covered that here before...

4:40 PM  
Anonymous Anonymous said...

Leftside, where do you get your info from? I live in Venezuela, I know the the statistics published by the goverment are BS. Take a walk on the wild side, take a walk on Caraca´s downtown!!! After that tell if you still belive in the gov statistics.

ESG, CCS Venezuela

9:05 AM  

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