Monday, March 28, 2011

Latin America benefits from tsunami

This is a bit twisted, but true.  From the Wall Street Journal: Latin America stands to benefit from the Japanese tsunami.  Latin American economies depend heavily upon commodities, which like thneeds are something that everyone needs.  Japan will need a lot as it rebuilds.  It would be more seemly, however, if Latin American foreign ministers were not salivating quite so openly:

Argentine finance minister Amado Boudou also sees Japan quickly restarting to rebuild its infrastructure. "We salute them because it's good for the whole international economy," he told reporters at the IDB meeting. In 2009, Argentina exported about $581 million in food and mineral products to Japan, or about 5% of its total exports.


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