We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Trading down

16 August 2004 By Edward Hadas

The country cannot kick the import habit. Expensive oil makes a bad situation worse. But the problem is more basic import substitution is not working. The only solutions are a much lower dollar or a big recession. Or both.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)