Feel That Breeze From BrazilBy
It's nice to have a prosperous neighbor. Battered by financial shocks from Mexico's peso collapse, Argentina's economy is in a serious slump. But Brazil, Argentina's chief partner in the Mercosur free-trade bloc, is booming--and gobbling up Argentine products from wheat to home appliances. The export surge is cushioning the downturn in Argentina's home market and bringing home billions of dollars in hard currency to shore up the beleaguered Argentine peso. "Brazil has become an important market even for small and medium-size businesses that hadn't previously exported," says Economy & Public Works Minister Domingo Cavallo.
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