To: Worswick who wrote (938 ) 1/15/1998 6:00:00 PM From: GuinnessGuy Respond to
Worswick,"At that StratFor's commandments call for South America to eclipse Asia. My goodness. Maybe all the heat in Austin during the summer becausetheheatvaporseffect these guys. Do you really think the Koreans are going to be eclipsed by the Brazilians and the Mexicans? Or, the Japanese by the people of Argentina and Colombia?" stratfor.com fastest growing region . They make no claim IMO, that the GNP per capita, for example, in any one latin american country will exceed that of say Japan. Here is an excerpt that best describes their outlook:"It is becoming apparent to us that Latin America is emerging as the new, hot region. We believe that Latin American shows every promise of replacing Asia as the world's developmental hotbed. After the inevitable slowdown of the international economy as a result of the Asian meltdown, we are becoming convinced that Latin America will enjoy spectacular growth rates similar to those of Asia into the first decade of the 21st Century. Moreover, we think that Latin America will avoid at least some of the Asian defects. For example we think that, unlike Asia, Latin America will follow a more balanced pattern in which domestic consumption will rise along with exports, allowing for a sounder growth pattern. We are of course concerned with the Latin American banking system. The pattern of cronyism and lack of transparency is present in Latin America, but at nowhere near the level that was present in Asia."
