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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (66399)7/19/2005 12:58:57 PM
From: Slagle  Read Replies (1) of 74559
 
energyplay Re: "capital inflows" With your typical small poor nation I just don't see why you could expect to have positive capital inflows. Many of these places lack resources and have too many people. These places need to produce their own food and as much in the way of manufactured products as they can, if for no other reason than to keep the people occupied and to give them a sense of self-worth. To protect their agriculture and hence the very life blood of the people in these places you need tariff walls.

Look at Mexico with all the advantages they enjoy, oil, US tourism, remittances from the USA ect. and even there globalism has been a disaster. Its gets much worse as you go south from Mexico. The problem with Mexico is that they lost much of their domestic manufacturing due to the Uruguay round. If we are not careful there will be many millions more unemployed Mexicans standing around on street corners here because things have become so bad there.
Slagle
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