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

To: THE ANT who wrote (53888)	8/22/2009 12:25:35 PM
From: elmatador	Respond to of 218000

When hyper inflation became the way for whom could hang on to middle class status -employees of the state and state-owned enterprises- the banks needed automation to keep up with the finacial carroussel. The university lobby and the banks themselves lobbied for the Law of Informatic. They decided that anything related to IT would only opened to the local companiesl. Instead of a computer industry, Brazil ended up with a bank automation one. Anything digital, even a toy or any component in car was deemed to be ruled by the Law of Informatic. Cars could not install an electronic component and products became Sovietic (as I would call them when I went there on my occasional returns from Nigeria where I was out of 'Lost Decade' As computers where getting cheaper businesses were installing them at a fast rate. As we needed bank automation to cope with hyper inflation, those businesses in OECD countries were in need to extract any efficiency from their businesses. While in other countries kids were playing with them, and youngsters were getting as entering the school. In Brazil they need to go to Paraguay to buy compoents to assemble computers Remember the false start 1994 1999? Part of it was caused by the lack of IT infrastructure to increase productivity and is part to blame for the system collapse. Because they could improve Total Factor of Productivity as physical and human capital must interact more efficiently. In short there is a lot that was not possible to extract from the economy. Luckily IT overinvestment of the tech bubble coincided with the opening up of the economy and the system started correcting itself. As you can see the oligarchs -remains of the import-subsitutions policies- by trying to get any new wave of invetiment for themselves ca caused severe damage in a modern economy. Globalization, de-regulation and privatization delat away with it.