The Director of the IMF, has recently issued a personal view depending which states that the measures "populist" to control prices and currency exchange rates negatively affect economic growth. It says in conclusion that price controls are used to control inflation. Great discovery, I imagine that next month will say that there is a new continent to Western Europe and that is halfway between Europe and Asia.
If it is true that one of his statements, referring to Latin American states that region "is inequitable in some of the most important areas to promote growth" is also true that by his words and "discoveries" are not going to solve an apex the status quo. We all know that these are the ills inherited from the "independence of Spain." Another thing would be to work with the region to achieve that equality. For that competition to find a place in a market with sufficient purchasing power. Currently, under the sad numbers of poverty, unemployment and output, little can be done in the Latin countries. On the one hand, labor is lost every month and brains, that the waves of migrants to the U.S. and Europe. On the other hand, capital not renewed, circulating in a spiral inward.
If I explain the following, how can we progress if the balance of trade every year is inclined to the outside. According to Rodrigo Rato, there is only suggestive concepts of fiscal control, has only discovered that the water is warm between 60 and 80 degrees. And what I expected after his wise speech is that Latin America put more gold in the stock of the IMF.
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