What Brazil needs to really grow

By Solange Monteiro Resilience and flexibility seem to be core beliefs of moderate optimist Paulo Stark, CEO of Siemens Brazil, when he talks about his business and Brazil’s economy. Stark, an engineer who began his career with Siemens more than two decades ago, sees investment intentions being rethought as a result of the escalation of … Continue reading What Brazil needs to really grow

Economic Climate Index for Latin America falls

The Ifo/FGV Economic Climate Index for Latin America (ECI) - developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – decreased by 6.3%, going to 75 points in January 2015 from 80 in October 2014. The decline stems from worsening of both … Continue reading Economic Climate Index for Latin America falls

Guantanamo Bay’s Place in U.S. Strategy

By Sim Tack Last week, the Cuban government declared that for the United States and Cuba to normalize relations, the United States would have to return the territory occupied by a U.S. naval base at Guantanamo Bay. Washington clearly responded that returning the base is not on the table right now. This response makes sense, since … Continue reading Guantanamo Bay’s Place in U.S. Strategy

The Geopolitics of U.S.-Cuba Relations

By George Friedman Last week, U.S. President Barack Obama and Cuban President Raul Castro agreed to an exchange of prisoners being held on espionage charges. In addition, Washington and Havana agreed to hold discussions with the goal of establishing diplomatic relations between the two countries. No agreement was reached on ending the U.S. embargo on Cuba, … Continue reading The Geopolitics of U.S.-Cuba Relations

Foreign Direct Investment in Latin America Declines 23% in the First Half of 2014

Foreign Direct Investment (FDI) inflows into 13 Latin American and Caribbean countries that have available data decreased by 23% during the first half of 2014 with respect to the same period last year, reaching a total of $84.071 billion dollars, the Economic Commission for Latin America and the Caribbean (ECLAC) reported. On a global level, … Continue reading Foreign Direct Investment in Latin America Declines 23% in the First Half of 2014

ECLAC adjusts LatAm growth rates

Latin American and Caribbean countries will grow an average of 2.7% in 2014 due to limited dynamism of the region's principal economies, according to new projections from ECLAC. The regional United Nations organization last week released its UpdatedEconomic Overview of Latin America and the Caribbean 2013, which reviews information on the key economic variables of 2013 … Continue reading ECLAC adjusts LatAm growth rates

A Modest Proposal: Should Puerto Rico Consider Joining The Russian Federation?

by Ralph Benko Should Puerto Rico explore following Crimea into the Russian Federation? Puerto Rico’s biggest problem in dealing with Washington is of the same nature as that increasingly shared by too many Americans. Puerto Rico’s biggest problem in dealing with Washington is of the same nature as that increasingly shared by too many Americans. … Continue reading A Modest Proposal: Should Puerto Rico Consider Joining The Russian Federation?

Panama outlook favorable in spite of risks – IMF

An International Monetary Fund (IMF) mission visited Panama City during February 11-21 to conduct the country’s annual consultations. The delegation concluded that Panama's economic performance remains buoyant, outlook favorable, in spite of certain local and international risks. The IMF therefore thinks a tighter fiscal policy is recommended. Growth averaged about 8.5 percent over the past decade, … Continue reading Panama outlook favorable in spite of risks – IMF

LatAm economic climate improves, Brazil’s worsens

The Ifo/FGV Economic Climate Index for Latin America (ECI)  advanced, after having been stable in the last two surveys (July and October 2013). The 8% increase in the ECI (to 95 from 88 points) is explained by both the improvement in assessments of present conditions (PSI) and expectations (EI), but only the latter one went … Continue reading LatAm economic climate improves, Brazil’s worsens

IMF sees Peru’s economy as high growth leader

The International Monetary Fund (IMF) concluded its consultations with Peru this week. Peru’s economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the benign external environment. No least due to … Continue reading IMF sees Peru’s economy as high growth leader

LatAm’s Pacific Alliance highlighted at Davos

A panel entitled The Pacific Alliance Promise was held at the World Economic Forum in Davos, Switzerland. It was attended by Mexican President Enrique Peña Nieto and Colombian President Juan Manuel Santos, Peru's Prime Minister César Villanueva, and Chilean Finance Minister Felipe Larraín. At the gathering the panelists discussed the challenges of this alliance, formed by … Continue reading LatAm’s Pacific Alliance highlighted at Davos

World Bank warns of emerging markets risks

The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects (GEP) report. The firming of growth in developing countries is being bolstered by an … Continue reading World Bank warns of emerging markets risks

NAFTA and the Future of Canada, Mexico and the United States

By Marc Lanthemann The 20th anniversary of NAFTA's implementation on Jan. 1 has revived some of the perennial arguments that have surrounded the bloc since its inception. The general consensus has been that the trade deal was a mixed bag, a generally positive yet disappointing economic experiment. That consensus may not be wrong. The history … Continue reading NAFTA and the Future of Canada, Mexico and the United States

Rediscovering the Americas: The World’s 15 Best Countries for Business in 2014

The US, Germany, Poland and Mexico are among next year’s Best Countries for Business. Rotterdam Week in cooperation with Atlantico Business Development (an international consultancy based in Rotterdam) has selected the best 15 markets of 2014/15 for your direct investment or for exporting your products. This is the first edition of a series of articles … Continue reading Rediscovering the Americas: The World’s 15 Best Countries for Business in 2014

For 2014 Brazilian businesses expect to invest less and gain less

The October-November 2013 edition of the Investment Survey by the Getulio Vargas Foundation has obtained data from Brazilian industrial companies on the development in 2013 and expectations for 2014 regarding variables such as investment, employed personnel and sales. 758 companies were consulted, responsible for sales of R$ 534 billion.  ASSESSMENTS REGARDING 2013 The profile of … Continue reading For 2014 Brazilian businesses expect to invest less and gain less

Latin America to grow by 3.2% in 2014

The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% performance of 2013, according to a new ECLAC report launched today at a press conference in Santiago, Chile. Panama will lead the pack with a growth rate of 7% in 2014, while powerhouses like Brazil … Continue reading Latin America to grow by 3.2% in 2014

World Bank to improve Peru tourism

More than one million people will benefit from improvements in tourism services, appropriate solid waste management and disaster protection and prevention measures in the areas of Cusco, Calca and Urubamba, thanks to a US$35 million project by the World Bank that forms part of a broader Cusco Regional Government program. “Realizing the implementation of a … Continue reading World Bank to improve Peru tourism

IMF sees Mexican economy on the right track

On November 25, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mexico. Over the last year, Mexico has maintained macroeconomic policy continuity, while pursuing an ambitious agenda of growth-enhancing reforms. Reforms have already been approved to upgrade education, make labor markets more flexible, and foster competition in … Continue reading IMF sees Mexican economy on the right track

Global economy still recovering at moderate pace but more risks ahead

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook. Growth in the United States is projected at a … Continue reading Global economy still recovering at moderate pace but more risks ahead

Economic Climate Index for Latin America remains stable

The Ifo/FGV Economic Climate Index for Latin America (ECI) - developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – repeated in October the result of the last survey in July (4.4 points). The stability was determined by the combination of worsening … Continue reading Economic Climate Index for Latin America remains stable

LatAm container handling growing at lower pace

The region's sluggish exports and slower growth prospects for the world economy carried over from late 2012 have accentuated the slowdown in port activity during the first half of 2013, according to ECLAC figures. Panama's Colon is still leading the region's container ports, followed by Santos (Brazil) and in third place Balboa (also Panama). Both … Continue reading LatAm container handling growing at lower pace

Latin American and Caribbean unemployment rate could fall to 6.2% in 2013

The Latin American and Caribbean region could end the year with an urban unemployment rate of between 6.2% and 6.3%, which would be slightly lower than 6.4% recorded in 2012, according to the latest projections from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). According to the … Continue reading Latin American and Caribbean unemployment rate could fall to 6.2% in 2013

Mexico’s Zetas Are Not Finished Yet

By Scott Stewart and Tristan Reed During the question-and-answer portion of our quarterly Mexico Security Monitor webinar, we were asked a question pertaining to the current status of Los Zetas. The question was something to the effect of: "Some Mexican media outlets and analysts claim that Los Zetas have been dismantled as an organization and … Continue reading Mexico’s Zetas Are Not Finished Yet

A tycoon bites the Dutch dust

Lebanese-Mexican tycoon Carlos Slim appears to have lost a major battle in his bid to control Dutch telecoms firm KPN, as he has cancelled his América Movil company’s announced bid for a majority of the telecom firms shares. It its statement of October 16th, América Movil blamed KPN’s obstructive and non-cooperative stand. As we noted … Continue reading A tycoon bites the Dutch dust

Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the year-earlier period in 2012, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the … Continue reading Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Peru, Panama are Latin America’s fastest growing economies

Latam forecasts go from rates at or below 1 percent for Jamaica and Venezuela, to Asian-style growth rates of 5.5 and 8 percent for the two best performers in the region in the past decade, Peru and Panama, respectively. Reassuringly, a good number of mid-sized Latam countries (such as Argentina, Chile, Colombia, Costa Rica, Ecuador, … Continue reading Peru, Panama are Latin America’s fastest growing economies

OECD sets out roadmap for Colombia membership

The OECD set out a clear path for Colombia’s accession to the Organisation, reinforcing its commitment to further extend its global membership to include more emerging economies. The 34 OECD Members approved on 19 September a Roadmap to accession for Colombia establishing the process and setting out the terms for Colombia’s future membership. This follows … Continue reading OECD sets out roadmap for Colombia membership

Why Carlos Slim will fail to win KPN

By Arnout Nuijt Late Thursday night news broke that Dutch telecoms firm KPN had activated its firewall against a hostile takeover by Mexican magnate Carlos Slim. A foundation, led by a handful of venerable representatives from Dutch business circles, exercised its right to emit emergency shares that would give it nearly 50% of voting rights … Continue reading Why Carlos Slim will fail to win KPN