Oil wealth must be used as an instrument to push equitable development. It is crucial that the offshore oil industry brings lasting benefits to the future generations of underserved communities.
President Lacalle Pou hoped that his referendum victory would offer him more time, as well as a stronger mandate, to pursue a series of reforms, including on social security, that are key to reducing Uruguay’s high public spending.
Yes, the rising sea levels might only affect offshore drilling operations minimally. But the rising waters and other manifestations of climate change disrupt habitation and the normal conduct of political, economic, and social business within those societies, such that having the wealth could be of little consequence for the people there.
With the Biden administration enjoying a more productive relationship with the AMLO administration than its predecessor, now is the time for President Biden to sign an MNNA agreement.
Looking ahead, more changes are coming [for the Southern Caribbean], both domestically in terms of dealing with a resource curse and externally in terms of navigating a shifting global order.
Ultimately, the bloc’s future depends on the politico-ideological orientation of those presiding over its member countries in the coming years and on the relative value they assign to the region in their respective development strategies.
A critical task is how the Caribbean can integrate cultural and economic development and include the commercial dimensions of culture and creativity, especially their interaction with technology, infrastructure, and markets.
The next government must see the Orange Economy as an opportunity to boost the cultural sector’s productivity, stimulate creative infrastructure, and promote sustainability to empower local creative producers; not as Iván Duque’s legacy project.
President Andrés Manuel López Obrador (AMLO) skipped COP-26, mocking the attendees as “neoliberals and technocrats.” For the Paris Agreement to succeed, every country must voluntarily rachet up its commitments and match words with actions. Mexico’s newfound refusal stands out, and AMLO is the impediment.
The autocrat’s worst nightmare is not only a united and unified Europe, but also an American continent that possesses the resources and resolve to push for a common approach to today’s global energy challenges.
