let me understand: is your development strategy for LAC one that throws zillions of dollars to the region in the form of FDI within a framework given by some sort of ALCA? Do you have any numbers, by any chance? Is there any evaluation of how inequality in LAC would affect that capital inflow in terms of economic growth and poverty? Too many questions I know, sorry. :)
Juan
Brad De Long wrote:
> >Brad De Long wrote:
> >> We tried that in the 1980s with Latin America.
> >
> >Brad, this is an evasion, no?
>
> It wasn't intended to be. I *think* that the technology gap between
> core and periphery is now so great, and the resulting benefits from
> economic integration so large, that autarkic development cannot be
> the best option. A strategy that could work for the U.S. in the 1840s
> doesn't seem likely to be the best now...