Re: Incomes and Exchange rates; part 2

["Mason A. Clark" <masonc@xxxxxxxxxxxxx>]

Juan Jose Barrios "Juanjo" wrote:

 ---- some snipping ---

>There is no way
>Argentina can move forward within the current radical neoclassical (imported
>from some academic thinking from the US) economic regime. The other day, a
>Uruguayan economic weekly magazine (Busqueda) *proudly* told its readers
>that the Chilean 'miracle',( starting in 1973) managed to reduce the amount
>of people living below the poverty line  from 45% to 30% since 1992 to
>1997!!!! Doesn't it sound almost unbelievable?  Argentina is going trhu a
>similar (more radical) process

  Could you expand on this?  In the U.S. we are being told of the Chilean
  miracle -- proof of the free market, free trade economics.  Now the
addition
  of Chile to NAFTA -- the U.S. Mexico Canadian "free trade" agreement -- is
  proposed and is likely.  We are being told that NAFTA is a great success
  or a great failure in Mexico.  Is there a truth hiding somewhere?

  What is wrong with reducing poverty "from 45% to 30% "?

  What is the "moving forward" that cannot be done by the present regime?

           Mason C