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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (49469)	5/1/2009 1:33:20 PM
From: Elroy Jetson	1 Recommendation Read Replies (3) \| Respond to of 218431

There is another, harder lesson. Latin America’s recent growth owed much to the outside world, cheap money and high commodity prices. With the world economy facing (at best) several sluggish years, the region will have to look closer to home for growth, by raising its productivity. That needs a huge effort not just to improve education, but also to implement long-postponed reforms of, for instance, labour markets. Such things are never easy in Latin America, where democratic politicians face voters who have to bear the world’s widest inequalities of income. But if the region is to consolidate its still novel reputation for prudent progress and good management, they will have to be done. economist.com The crisis is good. It has forced both the "Economist" magazine and the foolish and naive elmatador to finally admit that their bogus decoupling theory was complete and utter rubbish, . . . just as Elroy Jetson warned. To hide his embarrassment elmatador develops diarrhea of the mouth. .