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Article: On the up in Latin America.(Latin American economies will improve as long as politicians and financiers work together)
- Article from:
- The Banker
- Article date:
- June 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nicholas Brady charts the latest fall and rise of the Latin American economies, and says things can improve as long as politicians and financiers continue to work together
Six months ago, the world's leading financial newspapers were predicting gloom and doom in Latin America. Caught up in the hysteria of Russia's default on their debt obligations and the continuing Asian malaise, economic commentators were sure that the contagion would spread to Mexico, Brazil, Argentina, Chile and other nations in the region.
Sitting where we do today, with the benefit of 20-20 hindsight, the nay-sayers couldn't have been more wrong. While Brazil had a crisis of its ...