paul o'neill on helping the poor

Archer.Todd at ic.gc.ca Archer.Todd at ic.gc.ca
Wed Jul 18 05:41:52 PDT 2001


Les said:


>So here we have the World Bank making loans to produce more of a
>crop of which there was already a glut.


>"Vietnam has become a successful producer," said Don Mitchell,
>principal economist at the World Bank. "In general, we consider it to
>be a huge success."


>Although Mitchell acknowledges the damage to nations that cannot
>compete with Vietnam's $1-per-day labor costs or Brazil's mechanized
>plantations - such as Guatemala, with its $3-per-day minimum wage - he
>said the losers must switch to farming other crops.">>>

Sorry Les, but I'm missing your point.

Todd



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