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« Going on NPR's All Things Considered today | Main | Wikistrat's first internal training simulation: China as Africa's de facto World Bank »
7:05AM

Chart of the Day: LATAM doing it right in the Middle


Great and expansive front-page WSJ feature from 15th.

Disappointing to the anti-globalization crowd, but it's been very, very good to LATAM, decreasing its poor and increasing its middle class in a steady fashion since Cold War's end.

A realistic snapshot:

The expanding middle is benefiting from a strong period of economic growth—fueled by high commodity prices in many countries—along with more aggressive social programs with a decided focus on education.

But the advances are still tenuous, and the possibility of a global recession haunts the prospects of los emergentes—the emerging ones—as marketers call the newly minted middle-class members.

Protecting what's gone on there is such a huge - even worldwide - responsibility. Ditto for Africa.

We don't do it out of anything but common sense. Check out the rising demand function:

This is the opportunity we piss away with our insane "war on drugs."

The world is booming and all we see is fear.

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Reader Comments (1)

Even so, I still wonder about the latest wave of real estate investors in Florida. They're less likely to be drug-money launderers than in the past, but how many are still there?

Even being less-than-fond of the War on Drugs, the market distortions that could create are unpleasant to contemplate--especially in this economy.

November 18, 2011 | Unregistered CommenterMichael

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