"Buenos Aires, Argentina (CNN) -- In December 2001, Argentina defaulted on $100 billion in debt -- the largest default in history. The move ushered in an era of utter chaos: five presidents in two weeks, cash and food shortages, deadly riots and dire poverty...
Brian Byrnes, CNN
"The engine of the global economy is powered by international trade. Countries import goods, that they cannot produce themselves or cannot make efficiently, and export goods that other countries want.
Brent Radcliffe, San Francisco Chronicle
"When Argentina's economic and political system imploded in 2001, few imagine that only 10 years later the Southern Cone nation would be one of the fastest-growing economies in the world....
Kyle Younker, World Policy Report
"Later this month, trade may have its day in the spotlight when, if all goes according to plan, Congress passes the long-pending U.S. free-trade agreements with Korea, Colombia, and Panama. Then the press of more immediate concerns unemployment, spending are likely to consign trade to the attic once again...
Bruce Stokes, National Journal Daily - AM Edition
"l semble donc qu’Arnaud Montebourg a un peu surévalué son décompte. Mais il n’en demeure pas moins que le fond de son propos est juste : depuis le début de la crise financière en octobre 2008, le protectionnisme a enregistré un bond considérable.
"For all its failings as the global economy's self-appointed governing body, the Group of 20 nations has at least avoided one potentially fatal response to the financial crisis and the recession that followed: a rapid descent into protectionism and beggar-thy-neighbor trade policies...
Paul Hannon, Wall Street Journal
"IN RECENT years BlackBerrys have become an essential component in the young professional's toolkit in Buenos Aires. But if you failed to buy one before the southern-hemisphere winter, you may be out of luck. "We have trouble getting them," says an assistant at a Claro mobile-phone store in posh Recoleta.
"Depuis quelques mois, la présidente argentine, Cristina Kirchner, a réinventé le « uno a uno » des années 1990. A l'époque, l'expression désignait la parité forcée entre le peso argentin et le dollar. Aujourd'hui, ce sont les importations et les exportations qui sont censées s'équilibrer.
Thierry Ogier, Marine de la Moissonniere, Les Echos
"Two economists last week faulted the Brazilian government's new initiative to protect its stagnating manufacturing sector against Chinese competition with tax breaks and concessional financing as misguided because it ignores the potential of the country's services sector and two other key factors shaping economic developments in Brazil...
Inside US Trade