Tag Archives: Brazil

Market Adjustment

What’s the best way to increase English proficiency among a group of people who might otherwise have no need to speak English?

Create a market where English is important:

SAO PAULO –  Prostitutes in one of Brazil’s biggest cities are beginning to sign up for free English classes ahead of this year’s Confederations Cup and the 2014 World Cup.

Cida Vieira, president of the Association of Prostitutes in the city of Belo Horizonte, said Tuesday that 20 have already signed up for the courses and she expects at least 300 of the group’s 4,000 members to follow suit. The association is organizing the classes and seeking volunteer teachers.

When the market identifies a shortage, it will provide the solution.

 

Lessons From South America: Chile, Argentina and Venezuela

Some time ago I stumbled on the CATO Institute’s Dan Mitchell.  He has an awesome video on how to balance the budget; a concept I’ve taken a liking to:

He also has his own blog that he regularly contributes to.  The other day he referenced a great post of his where he links economic freedom to prosperity:

What’s responsible for the turn-around in each of these nation’s welfare?

As Mr. Mitchell says:

— Chile’s score jumped from 5.6 in 1980 to 8.0 in 2008, and the country now ranks as the world’s 4th-freest economy (ahead of the United States!).

— Argentina’s ranking has improved a bit, rising from 4.4 to 6.0 between 1980 and 2008, but that still only puts them in 94th-place in the world rankings.

— Venezuela, by contrast, is embarrassingly bad. The nation’s score has dropped from 6.3 to 4.4, and its ranking has plunged from 22nd-place in 1980 to 121st-place in 2006.

Chile was the poorest and is now the most wealthy of the three.  Venezuela has seen just the reverse.

Fascinating.