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Sunday, September 23, 2007

EXPERTS OPTIMISTIC ABOUT LATIN AMERICA -- PERHAPS TOO MUCH FORE REGION'S OWN GOOD

I was really surprised about the level of optimism about Latin America among the top government officials, international economists and business tycoons who attended The Miami Herald Americas Conference last week. It was truly amazing. But was it justified? Read my opinion here, and let us know what YOU think about the region's future.

10 Comments:

Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

åndêrš, kudos to you for speaking the truth. Latin America is indeed lagging behind in education, science and technology.
Now what are you going to do about it? That's what I want to hear. The Koreans, Japanese, Chinese and Mahatma Gandhi Indians went to work, that's what they did. You saw them all over USA universities, working in the computer labs late at night. They weren't out partying all night long and blaming "USA interference" in their region for holding them back.

11:10 AM  
Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

åndêrš,I totally agree that Brasil and Chile will lead the way in Latin America.
Brasil has 3 million ethnic Japanese, the finest human beings in the world, they have many Italians and also just as critically, millions of ethnic Germans. Chile is also has many ethnic Germans.

11:14 AM  
Anonymous Anonymous said...

Japan is boring, so is germany

2:56 PM  
Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

Japan is "boring"? Germany too?
Are the Japanese and Germans paying their life savings and risking their lives to make all-out desperate attempts to get the hell out of their countries?!

10:06 PM  
Anonymous Anonymous said...

I was not surprised to see Chile, which has reformed much of its economic framework, on the tops list of countries expected to do well, but I was a little surprised not see Mexico up there with Brazil and Columbia amongst the top named by those surveyed. Mexico is making some steps towards reform under Calderon, including raising tax collections, reforming pensions, and now looking at energy policy as well as other reforms... which is more than what I've heard about Brazil or Columbia. Brazil does have more catching up to do, but as history shows, that does not mean that it will. There is talk of complacency there and look at its trade partners such as Venezuela and the relative comparisons it holds itself to. Meanwhile Mexico compares itself to the OECD (although not always favorably) and seeks pro-growth reforms as well as the long-recommended weaning off of oil-based development...
I agree though, that at this point, more reform is needed if the economies are to avoid major decline during the next commodity & oil price drops.

6:37 AM  
Anonymous Anonymous said...

For the record, here is another ready that rejects the ridiculous ethnic posts that were posted earlier attempting to attribute a nation's successful economic performace to the percenage of ethnic germans and japanese in their country, that's just ridiculous.
Ireland and Spain went from european nobodies to leading growth countries not due to their ethnic compositions.
Same for Chile.
Now Mexico is showing its will and ability to move towards that group of reforming nations.

6:39 AM  
Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

hey anonymous, Spain does not lead Europe in anything. Its' growth has come from construction on the coasts, with northern Europeans moving there to retire and from projects given to them to meet EU committments.

10:09 PM  
Anonymous Anonymous said...

Not so, that would be ignoring the growing service sector and industry:

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2539821.ece

"Despite concerns about the property market, construction accounts for 18 per cent of Spanish GDP, higher than Germany at the peak of the reunification boom. Even if there is a fall, Vicente Orts, an executive director at the body responsible for promoting investment in Madrid, is confident the capital will not suffer. “Madrid’s economy is not based on construction. Services account for three quarters of the city’s economy, and there is an industrial base as well,” he says. "


I repeat, some nations like Mexico are enacting economic reforms for long-run improvement (as did Spain, Ireland, Chile, etc), others are retreating from the world (Venezuela, Ecuador, etc).

12:32 AM  
Anonymous Andres c said...

Just one thing, race is not the same as ethnicity, an ethnic group shares culture, history, religion, festivities, values,...

Some fools in these blog keep saying some countries do well because of its race... wich is complete bullshit... but I must say I do believe ethnicity (not race) is a factor in the outcome of societies, because of what it implies in the behavior and moral values of a human group.

1:33 AM  
Anonymous Anonymous said...

Replacing the racial argument with the ethnic argument is not much better, especially because it is used to overemphasize ethnicity rather than to note it as one small factor out of many factors, chief amongst them the political ability and will to improve a nation's economic policies and climate.

2:55 PM  

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