New & remarkable Atlantic photo series: The Civil War, Part 1 - http://t.co/i4xbCYcr
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Latin America Channel: Latest Posts
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Emerging Markets
Brazil: The Risks of Monetary Policy
Despite its apparent success so far, the Brazilian Central Bank’s strategy is very risky. The Brazilian Central Bank (BCB), in a movement that was unanimously forecasted by the market, has reduced interest rates once again to 10.5%. In the minutes of the meeting published last week the BCB, as well as justifying the cut, also [...]
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RGE Analysts
RGE’s Gina Sanchez CNBC Video – Trading the Globe: Bulls From Brazil
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Latin America
Debating Amnesty and Immigration Policy
Yesterday I had an exchange with my CFR colleague, Ed Husain (who has a fantastic blog, “The Arab Street,”), about my last post on Mitt Romney’s “self-deportation” plan. I wanted to post it here, to add to the lively debate on the issue of amnesty, and immigration reform more generally, and he graciously agreed. Below [...]
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Latin America
What’s Wrong With Romney’s “Self-Deportation” Plan
During Monday’s Republican presidential debate, Mitt Romney put forth his plan for dealing with illegal immigration: self-deportation. Here is how the exchange went: Debate Moderator Adam Smith: Governor Romney there’s one thing I am confused about, you say you don’t want to round people up and deport them but you also say that they would [...]
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Latin America
What to Watch in 2012: Two Elections That Could Transform Latin America
Though fewer in number than in 2011, the two Presidential elections on the docket for 2012 will make up for it in terms of their importance in the region. The first will happen in July in Mexico. Leaders of the Institutional Revolutionary Party (PRI) are already talking about not only winning Los Pinos, the Mexican [...]
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Emerging Markets
Treasury Loans to the BNDES: Cornucopia?
If the Treasury’s loans to the Brazilian Development Bank (BNDES) generated net fiscal gains the perpetuum mobile would finally have been discovered. The Institute for Applied Economic Research (IPEA) recently published discussion paper nº 1665 entitled “Measuring the fiscal result of loans from the Treasury to the BNDES: net cost or gain for the Union?”. [...]
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Latin America
Signs of Mexico’s Ascendance Versus China
Over the past two decades China emerged as a manufacturing powerhouse, dominating production in industries ranging from textiles to solar panels, semiconductors to wind turbines. Among the countries hardest hit by China’s rise – and ascension to the WTO in 2001 — was Mexico. In its wake, Mexico’s maquila industry shed thousands of jobs. On [...]
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Latin America
Brazil and the Long Crisis
In order to minimize the effects of the long international crisis, it is necessary to avoid the temptation of increasing fiscal and parafiscal expenditures. I open the internet edition of an influential foreign newspaper and the main headline begins like this: “Imminent collapse of …”. In normal times it would be easy to guess what [...]
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Latin America
The Contours of a Future Regional Crisis – and the Need to Look Back to the Future
It is all too easy to attribute new causes to future crisis events. The need in advanced economies for effective reforms to address systemic risk and the supervisory challenges arising from this have largely dominated the discussions as to the furtherance of financial stability following the events of the past three years. Yet, the recipe [...]
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Latin America
Human Rights Abuses in Mexico’s Drug War
Last Wednesday, Human Rights Watch (HRW) released its report “Neither Rights Nor Security: Killings, Torture and Disappearances in Mexico’s ‘War on Drugs’.” The report is incredibly thorough – based on two years of research in the states of Baja California, Chihuahua, Guerrero, Nuevo León and Tabasco, and incorporating information from over 200 interviews. It charges [...]
