OECD: Still a Long Road Ahead for Argentina, Brazil and Peru

By AQ Editors

Economists weigh in on what membership in the "club of rich nations" could mean for their countries.

Membership in the Organization for Economic Co-operation and Development (OECD) indicates openness to trade, economic competitiveness and a will to align local policies to a global standard. For investors, a pledge to enter the club raises hopes of market-friendly policies and a level playing field for businesses. Three Latin American countries, Argentina, Brazil and Peru, received an invitation on January 25 to start accession discussions. The current governments of each country sent polite thank-you notes. But all three leaders are quite different from the predecessors that...

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