A New Trade World: Routes for Latin America and the Caribbean to Grow

It never rains but it pours sometimes seems to be just too appropriate a motto for Latin America and the Caribbean. Just as Argentina and Brazil appear set to post positive growth this year, uncertainty regarding global protectionism and the prospects of higher U.S. interest rates could dampen growth prospects across the region, as explained […]

Democracy Does Not Cause Growth

Does democracy cause more economic prosperity and growth? This question dates back to Plato and Aristotle’s debate regarding which form of government brings more political and economic gain to society. However, after more than two millennia, there seems to be no clear consensus about whether democracy (in and of itself) delivers more economic growth than […]

BREXIT: What Does It Mean for Latin America and the Caribbean?

The UK is a country of just 242 thousand square kilometers (compared to Mexico’s 1.9 mn, Argentina’s 2.7 mn and Brazil’s 8.4 mn) located about 7,000 km from Barbados and more than 7,500 km from anywhere on the mainland of Latin America (it’s just over 7,500 km from London to Simon Bolivar airport, Caracas and […]

Climate Change and its Indoor Impacts

The shriveled crops and bleached bones of livestock across large areas of South America following recent droughts may be just the beginning. By mid-century climate change is likely to boost temperatures by 2 degrees centigrade or more. Droughts and downpours are likely to become more intense and frequent; floods and storms, more destructive. As discussed […]

Because Waiting for the Next Boom is Not Enough

Economies grew, millions were lifted from poverty, and social safety nets widened to support a growing share of vulnerable populations. When the United States and Europe experienced sharp downturns during the international financial crisis of 2008 and 2009, some governments in the region were able to increase spending and keep their own economies from slipping […]

Riding the Commodities Roller Coaster in Latin America

Commodity booms and busts are nearly as old as the discovery in Latin America of copper, coal and oil. But after the exhilarating rise of commodity prices during 2004-2012, the most recent descent, with its painful manifestations of contracting economies, fiscal deficits, currency depreciations and inflation, has struck the region particularly hard. But how hard? […]

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