Winner: Japan
Losers: China, Eurozone, S Korea.
RT “@pdacosta: Japan exports rise 3.8% in year to April; http://t.co/fujfwiaH4t”
13 minutes ago
Latin America Channel: Latest Posts
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Latin America
Guest Post: Correa Is No Chávez
This is a guest post by Stephanie Leutert, a research associate here at the Council on Foreign Relations who works with me in the Latin America program. Venezuelan President Hugo Chávez has been in full campaign mode: speaking, singing, and exhorting the dangers of his opponent, Henrique Capríles Radonski. Despite his visible public activities, rumors [...]
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Latin America
Latin America: Trading and Investing Together
Economic ties lead Latin America’s integration efforts. Promising some of the greatest concrete benefits—larger markets, improved livelihoods, and enhanced global economic power—leaders and communities alike have tried to integrate the region through three main means: trade, infrastructure, and investment. In the post-WWII era, governments began creating ambitious trade organizations, such as the 1960 Latin America [...]
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Latin America
Latin American Integration: Two Hundred Years of Efforts
Latin American integration efforts have been a continuous fixture throughout much of the last century, but in recent years there has been a flurry of new initiatives, with leaders re-emphasizing regional ties. The increasing number of high-profile presidential and ministerial summits have brought renewed promises and commitments to deepen regional political, economic, social, and developmental [...]
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Latin America
Milk and Rum, or Economic Reforms the Cuban Way
I don’t pretend to claim that as far as the almost 200 countries in this volatile world are concerned, all of them are very different, since in certain respects many are indeed similar to each other. But Cuba is different. It’s in a class by itself. Cuba is Latino and Caribbean, Afro-American and tropical, and [...]
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Latin America
Peña Nieto and Energy Reform
With Mexico’s presidential elections in the past, the focus is now on whether or not President-elect Enrique Peña Nieto will be able to follow through on his many compromisos. My guest post on Michael Levi, Blake Clayton, and Daniel Ahn’s blog, Energy, Security, and Climate, looks at Peña Nieto’s promise to reform his country’s closed [...]
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Latin America
Mexicans and the U.S. Melting Pot
The integration (once called assimilation) of foreigners into the United States is a long-standing issue. Some fear that today’s immigrants aren’t integrating into U.S. culture and society as past waves did. Mexicans—the largest single group today with some twelve million immigrants—in particular are seen as guilty of maintaining their distance. The late Harvard professor Samuel [...]
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Latin America
Mexico: Prospects and Limitations of AMLO’s Election Challenge; Polarization on the Rise
Overview On July 7th, the Federal Electoral Institute (IFE) published the results of the final district-by-district count for the presidential election. According to this final count, which included vote-by-vote recounts of over 50% of voting centers, PRI candidate Enrique Peña Nieto (EPN) won 38.21% of the vote, PRD candidate Andres Manuel Lopez Obrador (AMLO) 31.59%, [...]
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Emerging Markets
The End of the Official Brazilian Floating Exchange Rate
In a period of enormous international uncertainty, the temptation for governments to boost their economies is inevitable; even if some of these actions may not be that good from an intertemporal point of view. The Brazilian blue sky from some years ago has darkened recently, in part because some of the previous euphoria fueled by [...]
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Latin America
The PRI Returns in Mexico
Twelve years after being voted out of power, Enrique Peña Nieto and the Institutional Revolutionary Party, or PRI, are coming back to Los Pinos, Mexico’s White House. Yesterday Peña Nieto won an estimated 38 percent of the national vote, (roughly 6 percent more than his nearest rival, the PRD’s Andrés Manuel López Obrador) and the [...]
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Emerging Markets
Brazil: Dangers of the ‘Good’ Inflation
In its next meeting, the CMN (National Monetary Council) should reduce the inflation target from 4.5% to 4%. That Brazil has a long history of tolerating inflation is a notorious fact. In the early sixties, the annual inflation, which could come near to 20%, was seen as a fundamental revenue generating element (seigniorage) for the [...]
