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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (17810)	4/4/2002 1:34:27 PM
From: elmatador	Read Replies (1) of 74559

Europe risks 'Argentinization', says Prof. Alain Touraine. "Argentina is a country that doesn't exist" due to the lack of production, and this phenomenon will arrive in Europe, which is on its way to be 'Argentinized'. The apocalyptic view of the European continent, is from French sociologist Alain Touraine, director of the School of High studies in Social Sciences. In a conference in the Casa da América Latina of Paris, Touraine said that " Argentina is a country of consumption, but lacks production, doesn't have an economic active population, nor an organized economy." According to him "what is going on now in Argentina is going to happen to Europe, because Europeans are not interested in production". Because it isn't a 'local madness' Touraine thinks the Argentinean example even more scary. The sociologist also considers that the only countries in Latin America that would be free of 'Argentinization' would be Brazil, Chile and parts of Mexico. Those regions, he said, differ from Argentina because they have a technology sector and production. For him Argentina needs to give incentives to production to get out of the crisis.

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