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Wednesday, May 28, 2003
# Posted 6:30 PM by Ariel David Adesnik
In contrast to the American papers, the Financial Times and The Economist provided top-notch coverage both before, during and after the crisis. I make this claim with a fair amount of confidence because one of the projects I conducted as a Senado intern in Buenos Aires was a review of all articles about Argentina published between July 2000 and June 2001 in the four periodicals mentioned above. In my final report on the project, I argued that the financial papers' superior coverage of Argentine affairs was not a random event, but rather the direct result of two very different approaches to covering the news. The Times and thePostrely on one or two full-time correspondents to provide coverage of the whole of Latin America. In contrast, The Economist, the FT and financial news services such as Bloomberg have correspondents in almost every country in the region. Often, these correspondents have enough experience covering economic affairs to provide much more thoughtful coverage than their non-expert competitors. The reason that the financial papers devote more resources to this sort of thing is that their readers demand accurate news about all those countries in which their capital is invested. If a financial doesn't provide such coverage, it will lose it readers. In contrast, no one will cancel their subscription to the NYT or the WaPo because of their coverage of Latin America is less than stellar. (Of course, it is entirely possible that the NYT and WaPo provide better coverage of those countries in which foreign investors have little interest.) The broader lesson of all this is that one has to be especially careful when reading what the papers have to say about any country that isn't the focus of sustained international attention. While the editorial position of any given paper may influence its coverage of Israel or Iraq, one can have a certain degree of confidence in the nuts and bolts of its coverage. Elsewhere, that isn't the case. To make my point, I am now going to go ahead and fisk the WaPo whose inaccuracies provoked me enough to write this whole post in the first place. However, I am about to go out to dinner, so I will fisk said article in my next post on the subject. UPDATE: Randy Paul recommends the Miami Herald's coverage of Latin America, which is arguably the best around. (1) opinions -- Add your opinion
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