Thoughts and discussion on inequality and development in Latin America in English...y Español
Saturday, January 31, 2009
More and more signs of the crisis
There are more and more signs of the unprecedented extent of the crisis and the impact that it can have on trade and investment (and thus on the external shock for developing countries). Air freight decreased in 2008 by 22.6, more than after September 11. Is this all bad? Will it result in a shift in trade towards services? Will it shift US imports from far places (US) to closer suppliers (Central America)?