Hi Carmen, Since writing my own message to you earlier this morning, I've just downloaded Ed Weick's message. I agree with his wise and thoughtful words, particularly his last paragraph.
Your immediate concern is that, unfortunately, Argentina will have to start paying the debts incurred by your past Presidents and governments. As Ed Weick says, you will need more foreign finance in the future. However, one of the problems of Argentina is that it has always has a low savings rate compared with most other developed countries. Some of the institutions you're going to need in the future are new forms of savings and investment bodies that can finance new initatives and innovations from within your country. Keith Hudson . At 08:47 22/12/01 -0300, you wrote: >Hello, I am Carmen from Argentina. This tuesday and wednesday have been a >nightmare. I am a just graduated economist and I think that the problem of >my country is not only economic but institutional. Politicians have no >credibility at all. My country is a very "special" one. We have had 40 years >of inflation until convertibility arrived. Convertibility succeded in >restraining inflation but the cost was seen in the market for labor were >unemployment raised. I am very interested in hearing your opinions. >Sincerely, >Carmen __________________________________________________________ �Writers used to write because they had something to say; now they write in order to discover if they have something to say.� John D. Barrow _________________________________________________ Keith Hudson, Bath, England; e-mail: [EMAIL PROTECTED] _________________________________________________
