Speech

Globalization and the Latin perspective (with reference to Las Meninas)

Abstract: Remarks at the Central Bank of Argentina, Buenos Aires, April 19, 2006 ; \"My business contacts talk and act as if the globalization now under way will bring another decade of intense competition. This hothouse will enable--perhaps even force--businesses to keep productivity growth in the range we have enjoyed since the mid-1990s--hopefully, for many years to come. If labor productivity growth can stay near 3 percent, monetary policy can accommodate relatively faster growth without igniting inflation.\"

Keywords: Globalization; Economic conditions - Latin America; Argentina; Banks and banking, Central - Latin America; Monetary policy - Latin America;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2006

Number: 72