Brazil's slippery slope: DAVOS AND SAO PAULO.(World Economic Forum in Davos, Switzerland) The Economist (US) | February 6, 1999 | COPYRIGHT 1999 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Even the majestic snow-capped Alps have failed to inspire a magic cure for ailing emerging economies

THE relatively cheerful mood among the politicians, businessmen and financiers who met in the Swiss ski resort of Davos last weekend at the World Economic Forum was in stark contrast to the icy climate outside-not just on the pistes, but in the global economy. Since the great and the good last met in Davos, in the middle of the Asian crisis, financial turmoil has spread, dragging down Russia and now Brazil. Sadly, the Davos message for emerging economies hit by ...

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