Readings
Paul Kedrosky's Infectious Greed —
Britain looks to the land of the rising sun with envy (Telegraph) South Korean politics: Death of a leader (The Economist) The importance of irrelevant alternatives (TheEconomist) Peter Schiff's media bookings are down 75-85% (TIME) No V-recovery coming in U.S. (Morgan Stanley) Argentina: The superpower that never was (FT) Professor Robert Shiller warns Britain may suffer a double recession(Times Online) NYT writer Edmund Andrews ...
U.S. vs Argentina: Path Dependency in Economic Ascent/Decline
Paul Kedrosky's Infectious Greed —
... their European colonial forebears. Before the Great Depression of the 1930s, Argentina was among the 10 richest economies in the world. The millions of emigrant Italians and Irish fleeing poverty at the end of the 19th century were torn between the two: Buenos Aires or New York? The pampas or the prairie? A hundred years later there was no choice at all. One had gone on to be among the most successful economies ever. The other was a broken husk. More here.
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links for 2009-05-26
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Gareth Campbell: The railway mania: Not so great expectations?
Alan Beattie: Argentina: The superpower that never was ...
A Comparison Between the US and Argentina
Toro's Running of the Bulls Market Blog —
... Interesting historical parallels between America and Argentina at The Financial Times. Not entirely comprehensive but good nonetheless. ...
