We did, in fact, point out in advance that things were going wrong in the region, particularly with property booms and fragile banks.

ECONOMIST: GOOFS: We woz wrong | The

Venezuela may be on the wrong track, but across the region conditions are improving.

FORBES: Playing the Latin rebound

Until 1996 and early 1997, investors in Asian shares thought the region could do no wrong.

ECONOMIST: A week on the wild side