UN economic office warns on South America’s export trade vulnerability

Friday, September 28th 2012 - 02:47 UTC

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Foreign trade in Latin America and the Caribbean will suffer from the economic slowdown that started in the second half of 2011. The value of regional exports will increase by 4% in 2012, whereas imports will grow 3% - according to estimates presented in the new Economic Commission for Latin America study released on Thursday. Read full article

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British_Kirchnerist
“For this reason, ECLAC stresses that, in order to increase potential growth in the future, it is necessary to make a special effort on ongoing challenges concerning production: productivity, innovation, education, infrastructure, logistics and transport,”

Which is the opposite of European austerity, no?
Sep 28th, 2012 - 12:23 pm - Link - Report abuse 0
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LEPRecon
@1 - BK

The difference is that the EU already has good infrastructure in place. The EU already has good education systems in place. The EU is already very productive and innovative. South America doesn't have these things, especially outside of the major cities.

If you had actually ever been to South America you would know this.

If you actually had an inkling of what economics is about, you would understand that having a good transport network is vital for trade. Educating your people is vital, and giving them good job skills that will help them attain good jobs with good wages.

Not only that, but each countries problems are unique and therefore require different approaches.

So no, the EU cannot 'spend' its way out of debt. Didn't Gordon Brown try that and didn't he put the UK in a worse off position prior to him being booted out of power?

So austerity is the only answer, and it is working. Slowly admittedly, but the world didn't get into this financial mess overnight, and getting out of the mess will take time. But this recession is nothing to the one in the late 70's. It took a conservative government to clean up labours mess then too, as I recall.

In the words of that great lady Margaret Thatcher: “the main problem with socialism is that you eventually run out of other people's money.”

I believe your beloved CFK is facing that problem right now, isn't she? She's stolen all she can, and can't borrow any more. Oh but she's not a socialist. Socialists care about people, even though they sometimes get it wrong. CFK is a fascist (a national socialist) and she only cares for herself and her lackeys.
Sep 29th, 2012 - 09:51 pm - Link - Report abuse 0
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