Economics & Finance Archives - Page 23 of 27

The EU is engaged in a discussion that will yield no change in human rights conditions on the island. The U.S. would be wise not to follow the EU’s lead.

In March, the European Union (EU) and the Cuban government announced a renewal of bilateral talks on trade and investment. Lured by Cuba’s proposed social and economic reforms, including a new foreign investment law, the expansion of self-employment, and loosened travel restrictions, the EU agreed to return to the negotiating table for the first time … Read more

Venezuela Before Chávez: Anatomy of an Economic Collapse by Ricardo Hausmann and Francisco R. Rodríguez

During the 1970s, Venezuela was the richest country in Latin America. With the region’s highest growth rates and the lowest levels of inequality, it was also one of the most stable democracies in the Americas. But starting in the early 1980s, things fell apart. The nation endured three coup attempts and one presidential impeachment. Per … Read more

Policy Updates

A snapshot of policy trends and successes in the region.

Monday Memo: Colombian Legislature – Argentine Debt – Peruvian Environmental Law – Deaths in Nicaragua – Bolivian Child Labor

This week’s likely top stories: Colombia inaugurates a new legislature; Argentina must pay its debt by July 30; Reforms to Peru’s environmental agency are criticized; Five Nicaraguans are killed after a Sandinista anniversary celebration; Bolivia allows those as young as 10 to work. Colombia installs new legislature: As Colombia’s new legislature was sworn in on … Read more

Monday Memo: BRICS Summit – Argentina and Russia – U.S. Immigration – FARC and Colombian Peace – World Cup Riots

This week’s likely top stories: BRICS leaders meet in Brazil; Argentina and Russia sign energy agreements; U.S. considers action on child immigrants; Colombian forces strike FARC; Argentine soccer fans riot. BRICS leaders to launch new bank at summit: Leaders from Brazil, Russia, India, China, and South Africa will convene in Fortaleza, Brazil for the sixth … Read more

Argentina’s Economy and the 2015 Presidential Elections

There’s more than a year to go until Argentina’s October 2015 presidential elections, but campaign season unofficially kicked off last October when the headquarters of National Deputy Sergio Massa (Frente Renovador, or Renewing Front party) and current Buenos Aires Mayor Mauricio Macri (Propuesta Republicana, or Republican Proposal party—PRO) erupted in joy upon hearing the results … Read more

Monday Memo: Santos Wins in Colombia – Argentine Appeal Rejected – Biden Visits Latin America – Bolivia Hosts Summit – Neves to Face Rousseff in Brazil

This week’s likely top stories: Colombian President Juan Manuel Santos wins re-election; the U.S. Supreme Court rejects Argentina’s appeal; U.S. Vice President Joe Biden visits Latin America; Bolivia hosts the G77+China Summit; Aecio Neves will represent the PSDB in Brazil’s elections. Following the 2014 World Cup? Read more coverage here. Santos Re-elected President in Colombia: … Read more

Carlos Slim and Mexico’s Telecom Reforms

Every year around February, Carlos Slim Helú’s name is tossed around in the offices of Forbes magazine. Numbers are crunched, and Forbes’ editors determine if they will publish the Mexican businessman’s name with a 1 or a 2 beside it in their famous “World’s Richest People” list. In a country ranked 88th in the world … Read more

Currency: Argentina’s Devaluation

When Argentina devalued its peso by 19 percent against the U.S. dollar in January, Brazilian President Dilma Rousseff reaffirmed her country’s independence from the volatile currency of its southern neighbor. “It will not have significant consequences,” Folha de São Paulo reported her saying. Indeed, Brazil has large international reserves, a balanced budget and consistent growth … Read more

Colombia’s Economic Success Story

Upcoming presidential elections and ongoing peace negotiations demonstrate Colombia’s consolidation of rule and law and democracy. President Juan Manuel Santos is seeking re-election, and free and fair elections have been a mainstay in the country since 1957—one of the longest stretches in Latin America. Moreover, the peace process, underway since October 2012, is a notable … Read more

Monday Memo: Costa Rican Elections – U.S. Deportations – Venezuela-Spain Spat – FIFA Delays

Unchallenged Costa Rican Candidate Wins Presidency: Luis Guillermo Solís of the Partido Acción Ciudadana (Citizen Action Party—PAC) won Sunday’s presidential election in Costa Rica, claiming 78 percent of the vote. The challenging candidate, Johnny Araya of the Partido Liberación Nacional (National Liberation Party—PLN), dropped out of the running after a March 5 opinion poll ranked … Read more

Monday Memo: Investment in Cuba – Venezuela – Costa Rican Elections – Rio Police – Mining in Peru

Cuba Approves New Foreign Investment Law: The Cuban government on Saturday unanimously approved a law that provides new incentives for foreign investment in the island. The law will reduce taxes on profits from 30 to 15 percent in most areas, will speed up the approval process for foreign investment, and will exempt new investors from … Read more

Can Venezuela’s Economic Strategy Keep Protests From Spreading?

As protests continue in Venezuela, the government of President Nicolás Maduro has sought to delegitimize protests and isolate them in middle-class areas in the hope that they will burn out. The president’s rhetoric aims at inciting poorer citizens against student and middle-class protesters, who he blames for food shortages, and soaring inflation and by “sabotaging … Read more

Argentina Struggles with Soaring Inflation

As surging inflation takes a toll on Argentine consumers, the Argentine government affirmed on Tuesday that it would levy fines against supermarkets who fail to respect voluntary price controls that many stores and wholesalers agreed to in December. On Tuesday, Chief of Cabinet Jorge Capitanich said that the details of the new sanctions would be … Read more

USTR Head Announces Enviro Trade Negotiations in Davos

U.S. Trade Representative Mike Froman announced today in Davos that the United States would join others including China, Canada, the EU, and Japan to negotiate freer global trade in environmental goods. An economic sector estimated at over $950 billion annually, the market for such products is already significant and it is only expected to grow. … Read more