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I don't usually upvote sarcasm, and I'm not even sure if that is sarcasm, but regardless, I don't understand this statement. > But why exactly is Brazil an imp

by bmelton 12y ago

I don't usually upvote sarcasm, and I'm not even sure if that is sarcasm, but regardless, I don't understand this statement. > But why exactly is Brazil an impressive “BRIC” while Argentina is always disparaged? Actually, we know why — but it doesn’t speak well for the state of economics reporting. What is it that we know? Why is, in Krugman's mind, Argentina always being disparaged?

evol262 12y ago
Because they already defaulted in 2001 and got into a spat with the IMF and various investors from western nations who tried to capitalize on their misfortune. In Krugman's mind, Argentina is disparaged because they don't really want to be part of the western "system" of investment in the national resources of South American nations by developed powers.