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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (16152)1/12/2002 5:27:59 AM
From: LindyBill  Read Replies (2) | Respond to of 281500
 
I see that the predictable result from devaluation happened in Argentina today.

washingtonpost.com

This shows that fixing the peso against the dollar will not work if you don't open up the economy.

Try to open up a hot dog stand in Argentina and you will see what I mean. Spanish speaking countries tend to have unbelievable regulation of business. Still a holdover from the days when Spain ran things, I suspect.