We were struck by a strange proposal last week. A top Argentine leader says his country should move the national capital from Buenos Aires in the east, facing the Atlantic, to a new city up in the north, closer to the Pacific. This would be an immense change – akin to Brazil moving the capital to Brasilia. It would be a shame to see Buenos Aires abandoned. But the idea that Argentina needs some shaking up is exactly right. A few weeks ago, we ran a report titled “How To Ruin Your Economy.” In five easy steps, it showed how a country could turn itself into a basket case by bad decisions. The segment was about Venezuela…but Argentina is a worthy runner-up. It starts out much stronger than Venezuela. Remember, Argentina is part of the G-20, the group of 20 big economies. The average Argentine earns more than the average Indian and Chinese combined. But all these facts mask a troubling trend. globalpublicsquare.blogs.cnn/2014/01/11/is-argentina-trying-out-the-5-point-economy-wrecking-plan/
Posted on: Mon, 13 Jan 2014 18:55:32 +0000
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