RE: Bad Financial news for Argentina

From: Lee Corbin (
Date: Mon Jul 30 2001 - 19:53:02 MDT

Carlos Gonzalia writes

(by the way, thanks for your very interesting and informative
posts, Carlos)

>> From: Brian D Williams <>
>> I sympathize with your country's plight. I would be interested in
>> your views as to how it could be resolved.
> As I probably mentioned in previous e-mails about this matter, I think
> there is not much anyone can do for the time being. The chance that
> privatizations and opening of markets could have provided seems wasted
> in the corruption and incompetence of the local establishment. I really
> have no idea.

What are the prospects, as a first step, in lessening the
corruption? Are there any positive trends here?

> I guess we would need huge foreign investments in really
> dynamic areas (not more basic services or agroindustries, which are in
> any case in the hands of oligopolies). Can't see how to convince that
> kind of capital to move in, with the political and social mess.

Yes, they must be somewhat fearful. By the way, how hard is it
for someone to start a new business in Argentina? (In Germany,
it is rather difficult. In Russia, I think, almost impossible.
I don't know about other countries, but would like to learn.)

Lee Corbin

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