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Monday, April 16, 2007

LATIN AMERICA'S ECONOMIC SLOWDOWN MAY BE A GOOD THING

Judging from last week's annual regional forecasts by the International Monetary Fund, Latin America's economy will lose some steam in 2007 after its best three-year period in recent history. But don't cry over it: Ironically, the slowdown may have a positive impact in the long run. To find out why, read the whole column here, and let us know what YOU think.

3 Comments:

Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

Hey åndêrs, I am with you 100%. Latin America MUST focus on
education, science and technology to produce higher value-added exports.
Now the million dollar question is: how will Latin America achieve that?
I have my own personal theory. Latin America must somehow develop a nerd/scientist class that does not exist now in Latin America.
All great scientists of world history have beeen nerds. Like Bill Gates, Thomas Edison, Einstein, Paul Allen....
They are not big, tough macho men of a violent and criminal nature.

11:01 AM  
Anonymous Anonymous said...

Andres
Upon Mark Weisbrot, co-director of the Center for Economic and Policy Research (CEPR), a private agency based in Washington D.C. the recent estimates of the International Monetary Fund (IMF) on economic growth in Argentina and Venezuela contain "errors and bias".

"One can hardly see the pattern of these large and repeated mistakes, particularly for Argentina since 1999 and Venezuela since 2003, and one wonder what happened".

Weisbrot, coauthor with David Rosnick of a paper entitled "Political prognosis? IMF mistaken projections on development for Argentina and Venezuela," suggests that the IMF should deal with this issue during its meeting of the Board of Governors to be held in April.

"Otherwise, the queries on reliability and objectiveness of its forecast will be in question," said in a written statement when releasing the report.

In the Venezuelan case, IMF has spread "significant, persistent underestimates" of the domestic economic growth for 2004, 2005 and 2006 at 10.6, 6.8 and 5.8 percent, respectively.


My Conclusion:
1) In order to make more credible your political opinions, you allways mention this kind of reports as a "revelated truth". Come on, you are a pulitzer winner, you should analyze more carefully your sources.

2) The empire financists are happy like you with this economic slowdown because they want to make billons through loans.
Luckyly leftists south americans presidents are shaping by these days a local IMF.

The dream of our South American Union is a bit closer.


Regards,

Ruben P.
Rosario - Argentina
rubpen@gmail.com

2:55 PM  
Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

Hey Rübên, I used to think åndêrs was a phony, that he was pretending to be Cuban and even Mexican so people would think he was legit and then would buy his books. But he is for real. He actually spent time in Mexico doing research for his book:


http://www.amazon.com/Bordering-Chaos-Mexicos-Roller-Coaster-Prosperity/dp/0316650250
Miami Herald Latin American correspondent Oppenheimer traveled all over Mexico between 1992 and 1995, and this crisply written, eye-opening report depicts a country in the throes of political turmoil, corruption, peasant rebellions and massive layoffs. The authors, who won a Pulitzer Prize in 1987 as part of a team that uncovered the Iran-Contra scandal, scaled guerrilla-held mountains to interview self-styled Subcommander Marcos, the white, middle-class Marxist revolutionary who in 1994 led a Maya armed uprising in the southern state of Chiapas. Oppenheimer views this revolt as symptomatic of a country marked by vastly unequal distribution of wealth and wasteful public works projects that fail to address the real needs of the people. He offers disturbing, fresh slants on the ruling party's control of TV news, the booming cocaine trade of Mexico's drug mafias, the rise of government-backed monopolies in key industries and the recent political assassinations that have weakened the ruling elite's credibility. Despite this bleak picture, Oppenheimer suggests that Mexico is stumbling toward a modern democracy under its new, technocratic administrator president, Ernesto Zedillo Ponce de Leon. Photos. Author tour.
Copyright 1996 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

5:14 PM  

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