[PEN-L:29503] RE: Stiglitz interview

["Forstater, Mathew" <forstaterm@xxxxxxxx>]

Louis writes:

>even though I believe he is way off the mark on the question of
>"export-based" economies in places like Brazil.

Excellent point, and also valid for Argentina, whose exports are
dominated by 'primary products' that still suffer in global markets from
declining terms of trade a la Prebisch.

The mantra in countries like Argentina has to be on domestic job
creation, income generation, and economic *expansion* rather than
austerity.  When people are hungry the answer is not to 'tighten their
belts.'

Mat