Climate change and efforts to address it threaten to reduce the value of important economic assets in the region. Can long-term planning help reduce risk to governments and investors?
Latin American financial ministers and central bankers will have a lot at stake and a lot to worry about at the upcoming spring meetings of the IMF and World Bank in Washington.
Reputated as a dealmaker, US president turned out to be incapable of closing a deal with moderate and even hard-right Republicans.
With primaries and general elections around the corner, the ruling center-left New Majority coalition has splintered and been dragged down by president Bachelet’s unpopularity.
Free trade may have been the whipping boy for politicians and candidates for office this past election season; however, we should all be grateful that inward bound FDI was spared vilification. It is the one area of global commerce where the economic benefits far outweigh the consequences.
The idealism-based global governance that originally arose from the ashes of the Second World War is now threatened by the growing and percolating discontent of working class populations calling for a more equitable distribution of wealth and a more “homogenous” form of cultural identity from a more distant past. The actions taken today by world leaders will have direct consequences on shaping the post-New World Order for the many decades to come.
