As Brazil’s economy has taken off, international companies have jumped at the opportunity to provide the Brazilian market with in-demand products and services. Some of the most successful areas include automobiles, home appliances (i.e. washing machines, TVs, etc), banking, and telecommunications. But according to a new study by IMS Health, the next big market in […]
Overview This past year was another interesting one for Venezuela, and it is a country where one never knows what will happen next. Overall, Chávez continued to advance his “Bolivarian revolution”. This effort included a number of laws passed by the National Assembly, a body that typically rubber stamps initiatives proposed by the Venezuelan president. […]
President Hugo Chávez may be known for his rhetoric, but at the same time he often makes good on his statements. He rails against imperialism and increasingly pushes the country’s political institutions, as well as its society, towards socialism. A Reuters article chronicles some of Chávez’s recent moves in the country’s economy. The government has […]
Although oil prices recently reached a 1-year high, the Venezuelan economy continues to struggle. Last week the government announced a series of steps intended to promote growth and raise employment, while reducing inflation. More information can be found here. In terms of specifics, the Venezuelan economy grew at 4.8% last year, but GDP declined by […]
My colleague David Kampf in his posting today, draws our attention to the current Economic Cooperation Organization summit in Tehran in which Iranian President Mahmoud Ahmadinejad predicts the collapse of capitalism. Scary, right? It is another firebrand speech from an energetic leader of a rising regional power with a productive nuclear program and a lot […]