August 03, 2006

Just a new crop of banana republics!

Sir, Desmond Lachman in “The disturbing deterioration of developed economies”, August 3, correctly informs that the distinction between emerging market economies and developed market economies is becoming more blurred. What he missed though was to make the right, though perhaps “inconvenient”, link to global warming, since there are some of us out there in the hot that sustain that the best evidence of it, is how lately the parallels of the banana republics have been moving north!
Regards from a sweltering Washington with over 100 degrees!