MercoPress. South Atlantic News Agency
World Bank warns a ‘hard landing’ in China would have great impact in Latam
The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis. Read full article
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Disclaimer & comment rulesSo, do you really think - as Mercopress suggests - that the South American 'poor' will be shielded by 'the bolsa' if China experiences 'a hard landing'?
Aug 17th, 2011 - 10:34 am - Link - Report abuse 0Politically it would be good to protect the 'poor' but, in this circumstance, this could only be sustained by hitting hard the middle-class and new-middle-class....... political suicide.
No, all will take the hit; all S.A. nations will take the hit; some will be on their knees and a very few will come through it intact.
Other parts of the world will suffer in different ways - the Developed world in one way, the Developing world in a number of other ways.
One thing we can be sure about - the corollary to this extreme concentrating of world production is the extreme effect of anything that goes wrong in the zone of concentrated production. Countries whose burgeoning economies are massively dominated by raw materials supply will be hugely exposed. Lithium-based economies may be the most resilient of the raw-materials-economies.
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