The hyper-expansion of the BRICS nations was seen by some as an overreaction to instability in the global economy in the late 2000s. Countries like Brazil became a hot commodity for investors when Europe and the US economy were faltering. With some normalcy in the US economy returning recently, Brazil’s high growth rates have began […]
After mostly sidestepping the global financial crisis in 2008, many in Latin America welcomed the 2010s as “Latin America’s decade.” But it’s been quick to fizzle out. Now, with the World Bank and IMF projecting ho-hum growth over the near future, come the excuses. Brazil stood first in line for comeuppance. Since 2011, the economy […]
Pamela K. Starr of the Pacific Council looks toward the future of Cuba and of the relationship between Washington and Havana in a new report, just released yesterday. I’ll say it again: Cuba is on a trajectory to becoming something very different — politically and economically — from what it has been for decades. Walking the […]
When French politician Pascal Lamy set the process in motion to replace himself as the head of the World Trade Organization (WTO), it was an interesting outcome that the two last candidates for the position were both from Latin America and were both from economies either from BRICS nations or that are considered as pre-BRICS […]
The flurry of reform continues in Mexico. On Wednesday, President Enrique Pena Nieto announced plans to ease the flow of credit to small businesses. Mexico’s sky-high interest rates have long kept small businesses from growing, driven entrepreneurs into the informal economy, and pushed many Mexicans to illegally immigrate to the United States. The Washington Post […]
Many Americans feel that their current system of government is unable to get anything done in any meaningful way. Conflicts between interests in the U.S. government has blocked essential legislation from being passed, and interest groups in the political system thrive off preventing the president from passing many of his key policy initiatives. While compromise […]
Over two weeks have passed since Nicolas Maduro’s contested election victory over opposition candidate Henrique Capriles Radonski. Unfortunately, fair democracy appears to remain limited in Venezuela, even after the passing of Hugo Chavez. Capriles and his supporters have demanded a recount in the closely contested race and refuse to acknowledge Maduro’s victory as legitimate. […]
Economic Comission for Latin America and the Caribbean (ECLAC) recently published its growth forecasts for Latin America’s economies in 2013. With a few exceptions, the news is disappointing. The 3.5 percent projected growth for Latin America’s economy is slightly above last year’s rate, but well below the 5 percent clip that the region has experienced […]
The new president will be puppeteered out of office quicker than he was put in The election played out as many opposition supporters of Henrique Capriles supporters feared. Government candidate Nicolas Maduro won by a close margin — closer than expected actually. Capriles denounced the results, pointed out cases of fraud and intimidation and […]
One fact that is often presented in the classroom of fresh MBA students is that out of all the markets for carbonated beverages in the world, Mexicans stand as the number one consumers of sodas. So much is the love of those sugary drinks that it placed the former head of Coca-Cola in Mexico, the […]
“Of course, there is a lot of resistance to change, especially when some of the largest recipients of contracts in Haiti are the for-profit development companies that hired a lobbyist to push back on these reforms,” declared Research Associate Jake Johnston, who co-authored “Breaking Open the Black Box: Increasing Aid Transparency and Accountability in Haiti” […]
The latest twist in the drama that is Venezuelan presidential politics concerns the highly contentious election of last Sunday, April 14. In an election called for by the constitution following the death of sitting President Hugo Chavez, the country faced a choice between Chavez’s hand-picked successor Nicolas Maduro and opposition leader Henrique Capriles Radonski, whom […]
The results of the April 14 presidential election in Venezuela were polemic but not surprising. The real test comes in the days ahead and the degree to which the opposition demands a recount. Despite mental preparation for an electoral battle, the news of defeat was still met with despair by Venezuelans supporting opposition candidate Henrique […]
A Surge in Energy – and Poll Points – for the Capriles’ Campaign. When the presidential campaign of opposition candidate Henrique Capriles began two weeks ago there were legitimate doubts about stamina, both his and that of his staff. They must be tired. One factor, however, may sway the vote when Capriles faces Acting President […]
I returned recently from several weeks in Cuba spent at a fascinating time. The Cuban government is in the middle of a gradual series of economic reforms that amount to an overhaul of the inefficient, troubled Cuban economy. The current centrally managed system is becoming one that allows for more freedom of entrepreneurship and private […]