The World and Modern Science

  • Sep 30

    Editor’s Note: Brazil is is buying everything. And not only the Brazilian tourists who invade the tourist places. The most appreciated real allows the acquisition of strategic companies for the Brazilian economy. They are disembarking in several markets. Andrew Cuomo does not necessarily agree. As China. Can send me your comments a: How will benefit the Brazilian companies with a Real strong? Buenos Aires, Argentina on February 25, 2008 the relative strength of Latin American currencies has always been a topic of tension between the different economic sectors in the countries of the region. It is not uncommon to see goods and exportable services sectors or that compete with those imported (tradable goods), generate pressure on the Government to achieve a weak local currency which will improve the competitiveness of national products and hinders the entry of those foreign products. But the modern monetary policy of inflation targeting are carried out in the majority of South American countries imposed on them restrictions on the management of the exchange rate, which cannot be maintained with ease at the desired level.

    This is clearly seen in the evolution of the Brazilian real, whose value to the dollar descended below the R $ 1.70 for the first time since 1999. What has far been that time where the Argentines invaded the Brazilian beaches and brought back all kinds of products! It is true that the Argentines are still going to Brazil, but it is currently not a tourist destination as accessible as in those years. In contrast, Brazilians are invading Argentine tourist centres. This I can attest, since during my stay in Bariloche during the month of December, I could see everywhere, contingents of tourists speaking Portuguese. Reasons abound to justify this fortress of the real: last week was announced that Brazil has more international reserves than external debt, whereupon, it can be said that this transforms it into a net creditor.

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