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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (69)	9/15/1998 7:37:00 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 331

I agree 100 % For example, it is my belief that in these 4 S.A. countries, I believe that the respective middle classes are beginning to have a more "audible" voice than in the past. In Mexico, the PRI has lost tremendous amount of former power that only about 7 to 10 years ago would be unthinkable, this has allowed specific events to take place. The chief of the Distrito Federal, (Mexico City, equivalent to Washington DC), Se¤or Cuahut‚moc C rdenas belongs to the left leaning PRD (Partido de la Revoluci¢n Democratica). Like this, there have been other governorships that have gone to the right leaning (PAN). Most importantly, The senate is no longer a "rubber stamping mechanism" for the PRI, since the PRI no longer controls it. (so far the PRI, undefeated for the presidency since 1921, also dominated the Senate.... not any more). These and other events, are clear signs that true "democracy" is beginning to exists. However, they have a long way to go, and there will be many errors, but the key is that the path has now been chosen and the key word is trust. I am not knowledgeable in detail of the other 3 countries, but what I can read, seems to indicate that they are taking similar routes. Improved education and opportunities for the middle and lower classes will only strengthen this process. The above hardly equates the total collapse that seems evident in Russia, Indonesia, and Malaysia. China's total control by the governing elite is in a way no better either, since it is such elite that makes decisions, these decisions could be disastrous, besides, call them Communists or whatever, they are as corrupt as they come. At this point imo, it is up to the Latin American countries, both their respective peoples and their chiefs, to truly make the effort to finally mature and achieve the overall progress that has eluded for so long. Slowly they are realizing that the press can be freer and that said press can have the power to overthrown (without a revolution), the corrupted supremos. Besides.... Latin America is a far more natural trading partner than any of the Asian ex tigers. Costa Rica for one, if the right policies are implemented (and some I understand are already in place), could become a little giant. Intel has already built a fairly big plant there, and to boot their central location between North and South America could not be better. Z.