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Monday, December 24, 2007

LATIN AMERICA GREW IN 2007, BUT NOT AS MUCH AS OTHER REGIONS

As 2007 comes to a close, here goes an evaluation of Latin America's performance: The region is doing fairly well, but is continuing to fall dangerously behind the rest of the developing world. Read the whole column and my (humble) predictions for 2008, and let us know what you think.

3 Comments:

Anonymous Jesse said...

Latin American economies are indeed a tale of two economies: those of the intellectually lazy and naive leaders such as Hugo Chavez, who haven't ever studied subjects that involve the scientific method - such as the hard sciences, math, economics, etc - and those ruled by more sophistcated leaders who actually have educated people in their cabinets. There may be a nicer way to put it, but in the end the patterns come down to who believes in failed ideologies as substitutes for real academic research and who believes in facts-based science and research.

Hugo Chavez and other prehistoric socialist dinosaurs won't back down in the face of the evidence disproving their preferred theories of how politcal economics work. They seek power by promising the false Utopias that never came to be and never will come to be by the means they advocate.

Meanwhile there are countries where their leaders are advocating the practical policies recommended by academic experts and do their part as politians to rule with some measure of practically-available consensus (thus accepting modifications and suggestions by all parties but not nescessarily appeasing extremists or idelologues(.

Brazil to me appears to be a hybrid, as they have elected a practical member of a leftist party, but most of the leadership seems unwilling or unable to pass even a nescessary extension of existing tax law. This may well be political rather than ideological, but it has the same effect.

For some reason a lot of the more practical and orthodox economic responsibility has been coming out of the western coast of latin america and the pattern has continued with recent entrant Peru.
They gave up on failed extremist policies and have re-elected a familiar face with his acceptance that he must try a more practical approach. This has been the case with Chile and Mexico for some time, which are two of the most advanced large economies in latin america. the economy in these two countries now derives much more strength from international trade and both manufacturing and services that have all been put on more solid foundations by solid policies. The socialist idelologues let their old-fashioned stance against international trade and big businesses hurt their development. ironically, they thus leave themselves dependent on prices of commodities on international markets.

11:36 PM  
Anonymous Anonymous said...

Jesse,
Write a book bro!
From No Life

9:47 AM  
Anonymous Anonymous said...

Andres doesn't talk about his home country which is funny.
Deep inside he knows Argentina will again grow another 8 to 9% and he hates to admit it.

And now this is no longer a bounce back growth. This is solid fundamental growth originated from more infraestructure, efficiency, and economic strategies.


Brazil's needs to stop looking at the US as a salvation point. They should start using that ethanol they produce for their own internal consumption not to serve the north. Brasil's own problems will not be solved by economic growth but by courageous political decisions. Lula is still the leader of Brasil because he is the least worse of them all. He is a strange man who says he is a leftist but acts are a right wing conservative politician. This is the reason Brazil didnt grow as much as the average.

Venezuela's Hugo Chavez is becoming a smarter and better politician. Knowing his bounds from last year's election put him in a more balanced position. He is proving to the world that he is as much of a pragmatic man as he is an idealistic man.

Chile will grow as long as copper prices grown. Their failure to diversify their economy will hurt them if copper prices ever go down.

President Uribe's leadership outside his country will further deteriorate as Chavez takes the credit for ending much of the guerrilla's conflict with FARC.


Peru will keep growing but they will keep failing at spreading the wealth of their growth.

Mexico's production quintupled in the last 15 years and they will keep growing but their people will suffer just the same proving that economical growth can lead to zero or negative total gain in quality of life.

6:09 PM  

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