Adios, Argentina

Companies are leaving for Brazil

"Love thy neighbor" is not an easy commandment to live by for Argentina. Brazil's abrupt devaluation a year ago rendered Argentine products comparatively more expensive both at home and abroad. Worse, the cost of doing business became far cheaper in Brazil than in Argentina, spurring some two dozen companies to jump the border. The effect was to drag Argentina into a deep recession that it still hasn't shaken. Meanwhile, the Brazilian economy is set to rebound nicely in 2000. Thank you, Brasilia.

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