Re: Re: Re: Re: Re: Re: What is going on?

[Michael Perelman]

Brad, Argentina's success was largely a result of favorable terms of trade
rather than any structural advance.  Sort of like the success of Brunei or
Kuwait.

On Tue, Apr 17, 2001 at 05:02:59AM -0700, Brad DeLong wrote:
> 
> I don't see anything "structural" about 
> Argentina's--terrifying--relative economic decline. Nothing similar 
> happened to Canada and Australia, which had very, very similar 
> profiles in terms of their pre-WWII structural position in the world 
> economy. (But they did have very different political profiles--summed 
> up perhaps in the idea that British investors, property-owners, and 
> bosses weren't "foreign.")
> 
> 
> Brad DeLong
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
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