You are here

Is Trump turning America into 1960s Brazil?

His determination to resort to import substitution and "make it in America" will only repeat the well-known economic mistakes of Latin America.

BT_20170131_SRIMPORT_2716236.jpg
For all his "patriotic" and "sound and fury" propositions, Mr Trump's economic solutions risk turning the US into a developing country - the very prospect he warned about repeatedly in his campaign speeches.

IN CHOOSING a cure to the United States' economic problems, president-elect Donald Trump seems determined to apply a well-known Latin American medicine, the strategy of import substitution. He is adamant about pursing an economic policy that gives strong preference to domestic production over...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes