Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (55184)	6/26/2000 12:18:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116764

Don, all true, and yet, South Africa had to constrain its growth throughout the 80's and 90's due to the need to maintain its foreign exchange reserves. in other words, interest rates had to be kept artificially high. this creates a sort of vicious cycle, as the weak economic growth in turn discourages improvements in the capital account, outside from investment flows into government and Eskom debt. of course that is only one aspect of the problems there, which naturally vary from country to country - South Africa is certainly a more complex case than most. somehow the predicament the underdeveloped economies find themselves in strikes me as far from an ideal state of affairs...not that i could offer any solutions off the cuff except the well-known truisms of the need for improvements in education, health, etc.,etc... regards, hb