Argentina 2013 Economy

[fifs2]

OK people here goes (sits back and waiting for the outcry)

In the interests of raising the general standard of basic Economics (and what is not economics but just personal finance there is a big difference) and in this thread over discussion over Argentina and Brazil - for those who havnt done this - here are a couple of explanations of the theory of comparative advantage which has been hugely influential since it was first propounded in the mid 19th cent as a core part of the theory of international trade and international politics.

You dont have to agree with it - and there are alternative theories - but it is part of basic economics people for those who arnt already aware but want to know - see Samuelson quote in ref. 2

(and this is not a discussion about whether the Economist is right in describing Samuelson as a "great economist" either)

Im not being condescending but it may help to have some understanding of why for example theories and concepts of "free trade" globally or "regional trade blocs" such as Mercosur have been propounded.

Of course it was also a rationale for firstly the UK and then USA and other mainly European economies who had industrialised early and could get to expand the markets for the consumption of firstly their manufactured products and later to a range of tertiary services. The terms of trade have favoured industrial and then service products for nearly 200 years.

That is until the end of the 20th cent that is when there was a reverse of the situation and the terms of trade has switched to favouring primary producers. As to whether this is a blip or not then opinions differ - as they do on all of this!

See http://www.tutor2u.n...e_advantage.htm

Also http://www.economist...c#node-21529435

I'm sorry Mora but since you had that last boob job I find I cannot take your posturing on economics seriousy... :lol:

 

[PhilinBSAS]

Gimmie a telecaster I can be anyone ....

even if it ain't that good

 

[thomasb]

Middle class disapearing? Sorry to burst your bubble:

http://www.bancomund...rows-50-percent

I remember this article, I think it's important to mention that it's talking about the rise between 2003 and 2009 (hardly surprising - see earlier posts).

Unfortunately I think a similar report comparing 2009 to 2013 won't be much to celebrate.

 

[kemer84]

I remember this article, I think it's important to mention that it's talking about the rise between 2003 and 2009 (hardly surprising - see earlier posts).

Unfortunately I think a similar report comparing 2009 to 2013 won't be much to celebrate.

In 2010 and 2011 the economy grew between 8 and 9%...

 

[thomasb]

In 2010 and 2011 the economy grew between 8 and 9%...

Now we are just going in circles. See the first 3-4 pages of this thread.