Latin America’s Free Market Fixation

Latin America’s Free Market Fixation

Argentina

Talking to Jeffrey Sachs, the bane of the developing world's financial establishment, is refreshing. He may be right or wrong, or just plain eccentric, but Sachs is that rare thing these days - an outspoken contrarian. In his customary blunt style, he argues that Argentina's $29.5 billion debt exchange in June that averted a financial collapse has actually highlighted many of the deficiencies in the way Latin American countries run their economies, the way they finance themselves and the way they see their futures. He says the region's leaders have rarely thought deeply enough about the future of their countries, partly because they are too busy

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