Tom's brief note was fascinating. Given the sort of deflationary pressures that have built up in places, such as Russia and Brazil, I have seen a minimum of references to spillovers. I have wondered how these crises have been contained within national borders. Use the Bolivia experience unique? Thomas Kruse wrote: > 2. Bolivian manufactures are taking a real beating with the avalanche of > cheap Brazilian contraband flowing over the border, a direct effect of the > crisis there. Various local factories have closed, others are jettisoning > their subcontractors. The Argentinian border at Yacuiba has been closed to > Bolivian goods, causing a serious shock among the dozens of micro and small > (family) shops that sew cheap clothes here for export. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
