Friday, January 10, 2014
The good and bad Latin American again
An article on the Wall Street Journal a week ago echoes the traditional division between a "good" Latin America (opened to the world, responsible, modern) and a "bad" Latin America (closed to the world, opposed to globalization, irresponsible). Unfortunately this is still the type of simplistic dichotomy that does not take us anywhere... even more when Brazil is included as part of the bad group. There are several problems with the article: a. Is any one calling China "bad" in terms of its policies? Is Brazil doing any different when protecting certain sectors and making (a weak and ineffective) effort to develop its national champions? b. How much longer will we evaluate the success of specific policies through the growth rate of a few months or a year? And is anyone really going to call Mexico´s current performance successful?