RE: Argentina (fwd)

[Doug Henwood <dhenwood@xxxxxxxxx>]

Leticia Arroyo Abad wrote:

>>So what's your sense - is Argentina closer to Mexico or Korea in its level
>>of economic "development"?
>
>It's not an easy question to answer. As you know, growth it's not the same
>as development. For example, Argentina and Mexico are quite similar form
>macroeconomic point of view (this was shown in the Tequila crisis), the
>foreign investors felt that we were "too" similar and ran away from the two
>countries!! The advantage that Mexico has is that it's US neighbour and
>this made a difference in the crisis. In perspective, what do you think it
>would have happened if the crisis in 1994-95 was not a "Tequila" crisis but
>a "Tango"crisis.

Well, what I meant was - how do people live? Are they fed, clothed, housed,
and educated in a way that more closely resembles Mexico or Korea? What
about the structure of the labor force, the level of industrialization, the
level of technology possessed by Argentine firms? Is there evidence of
strong and persistent technological upgrading, or do the foreigners own all
the patents?


Doug

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Doug Henwood
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