Don't cry for us, learn from us, Argentina tells Davos
Argentine President Mauricio Macri has a blunt message for protectionist and populist-inclined governments: learn from us.
Read more at https://www.channelnewsasia.com/news/world/don-t-cry-for-us--learn-from-us--argentina-tells-davos-9896748
25 Jan 2018 10:50PM
·
Argentine President Mauricio Macri has a blunt message for protectionist and populist-inclined governments: learn from us.
"I invite them to visit Argentina and see what happens with an incredible country that adopted protectionism and isolation as a way of life," Macri said in an interview with Reuters on Thursday.
"It didn't work. We only deepened our poverty problems."
--
This is a very blunt short and long shot at Trump's protectionist, nationalist, populist, isolationist stance.
Trump is going for short immediate gratification.
But in medium and long term - the problem will come pouncing back and hit US Economy hard.
That is the time Americans will wake up - and it will be too late.
The World must and has already been building multi-lateral trade - minus US - to cushion any economic fallout from Trump's financial, economic and trade policies ---- which in effect a "Boom and Bust" policies.
It come with immediate gratification - Boom.
Thereafter Bust will follow.
No comments:
Post a Comment