Commentary: How Latins Can Survive The Asian Storm

Since Asia's crisis erupted last year, Latin Americans have complained that their markets are being unfairly tarred by events beyond their control. The region's healthier economies and better-managed banks, Latins argue, should not be linked by skittish investors to Asia's woes. Like it or not, though, investors see both regions as part of the same emerging-market class. "The worst of the Asia crisis is behind us, but we're still not the masters of our destiny," says former Brazilian central bank chief Francisco R. Gros.

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