Monday, May 5, 2008

Latin American economies dependent upon U.S.

Latin America is destined to suffer economic slow down soon.

The U.S. economy is intrinsically tied to that of this hemisphere that no country is immune. Brazil will probably do the best to withstand the volatility due to it's large and diverse economy.

The Financial Times makes note of this in a number of stories. Here also.

This underscores the need for greater integration between all the economies in the Western Hemisphere.

It's already occurring in an ad hoc fashion anyway. Wouldn't it be better to get ahead of the curve for once and begin the process with some degree of control now?

I think so. Europe has done it, so why shouldn't we? Latin American is already highly dependent upon the U.S. anyway.

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