Washington Post on A16

[Brad De Long]

>Brad,
>
>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

No numbers: just the post-WWII pattern--FDI and exports, possibly 
one, possibly the other, appear very strongly correlated with rapid 
growth at the periphery...

Brad DeLong
-- 

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"Now 'in the long run' this [way of summarizing the quantity theory 
of money] is probably true.... But this long run is a misleading 
guide to current affairs. **In the long run** we are all dead. 
Economists set themselves too easy, too useless a task if in 
tempestuous seasons they can only tell us that when the storm is long 
past the ocean is flat again."

 
--J.M. Keynes
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J. Bradford De Long; Professor of Economics, U.C. Berkeley;
Co-Editor, Journal of Economic Perspectives.
Dept. of Economics, U.C. Berkeley, #3880
Berkeley, CA 94720-3880
(510) 643-4027; (925) 283-2709 phones
(510) 642-6615; (925) 283-3897 faxes
http://econ161.berkeley.edu/
<delong at econ.berkeley.edu>