NP - The Myth of a Jobless Recovery

[alice wellintown]

Wrong! Mexico is booming and will continue to boom.  It will pass
Brazil in a decade and will compete with the US in three.

On Fri, Jan 11, 2013 at 10:51 PM, Michael Bailey
<michael.lee.bailey at gmail.com> wrote:
>  alice wellintown evoked, without most likely meaning to, another
> brief and respectful response from me:
>
>>
>
>> and Europe. But the low wages in the emerging economies give those
>> economies an advantage, cheap wages. Why take it from them? They will
>> not emerge if you do. They will sink into oblivion and weakness.
>
> is it not more likely that they will sink into oblivion and weakness
> laboring in penury and pollution and oppression for foreign investors,
> paying an extremely dear opportunity cost in their servitude?  The
> Mexican economy hasn't benefited greatly from NAFTA, to give one among
> a plethora of examples.