Re: Dollarisation

[Colin Danby <danbyc@xxxxxxx>]

Warren:  I wouldn't make that judgment; certainly we can't abstract from
the capital acct.  I think the context was certain cases of X-led
growth.  But it's also easy to generate an increase in net exports by
impoverishing your population.  Colin

> Just seemed like in the discussion net imports were being judged as a
> 'failure' and net exports as a 'success?'
>
> w