> Patently false. The public debt in Brazil has been almost entirely internal for the past 10 years. Should I show you a chart to settle it?
Why not show it rather than asking for my permission? But since you asked, please do. And show me the one for argentina while you are at it. Here is brazil's external debt. Increased 250% in 10 years.
https://tradingeconomics.com/brazil/external-debt
> Quite the opposite, actually. They received massive inflows of foreign investment, and very high domestic savings rate.
Foreign investment != external debt. So their high domestic saving rates means they had little need to borrow internationally? That was my point.
> the Asian countries you mentioned have a history of very high savings rate, this generates a stock of capital that the government and companies can borrow at low costs to develop.
But you wrote that it was quite the opposite just a sentence ago? I'm saying that korea, taiwan, japan and china did not depend on foreign borrowing. You conflate foreign investment with borrowing. Then you contradict yourself.
> Poland (and the LatAm countries I mentioned) have very low or negative savings rate, and almost no capital stock, so any increase in borrowing by the government has to be met with foreign capital or it will cause inflation and higher interest rates.
Well then they need to increase their savings rate or limit their borrowing?