Import controls
Sir,—W. Rosenberg criticises my comments on the International Monetary Fund’s reconstruction of the Mexican economy. When the I.M.F. was invited in, Mexico was on the point of defaulting on its international obligations and could not even afford basic imports to keep local industry operating. If South American governments need the 1.M.F., portrayed as the big bad wolf, to blame for a return to sound economic policies, then so be it. The best interests of their people are still being served. Mexico was fortunate not to have the political upheaval and revolution that normally goes with such incompetence. When economic remedies are left to such a late stage, recovery is long and painful. W. Rosenberg promotes soft options. As Mitterrand discovered, in the real world they do not work. — Yours, etc., J. C. GLASS. April 30, 1984.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840502.2.92.2
Bibliographic details
Press, 2 May 1984, Page 14
Word Count
138Import controls Press, 2 May 1984, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in