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Re: Argentina

At 12:16 PM 9/18/97 -0500, you wrote:
>Since we have a few Argentines on PKT, and some non-Argentine students of
>the country, maybe someone knows the story behind the World Bank's
>mysterious upgrading of Argentina's per capita GDP figures. In the 1987
>World Development Report, Argentina's per capita GDP was given as $2,130,
>just behind South Korea and just above Mexico. In 1992, Argentina's income
>was $2,370, way behind Korea's $5,400 and about $100 below Mexico. In the
>1997 WDR, Argentina clocks in at $8,030, more than twice Mexico's $3,320,
>and not that far behind Korea's $9,700. Does this make any sense to anyone?
>
>Doug

I was just looking at the IMF's IFS of Feb/97: Since 1991the official
exchange rate is stuck at 1.42/1.43. However the CPI grew from 272 to 406.
In other words, the domestic dollar price of goods has risen during that
period. This is, of course, a crude meassure and explains only partially the
huge increase in GDP shown by the WB report. I am sure Laura has more detail
info about this

Juan




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>Doug Henwood
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