Avances y retos económicos
Si no hay un mayor dinamismo exportador en Colombia, la economía se frenará o incluso la política económica tendrá que frenarla.
Si no hay un mayor dinamismo exportador en Colombia, la economía se frenará o incluso la política económica tendrá que frenarla.
The Caribbean has long enjoyed a reputation for being one of the most democratic regions in the world. Despite the Caribbean’s seeming confidence in the ballot, however, countries in the region nevertheless face considerable challenges in keeping their democracies alive. Elections alone do not make a democracy; rather, there are many other factors that must be taken into consideration in order to ensure good governance.
Recent events—in particular, last April’s meeting of the Bretton Woods institutions (that is, the World Bank and the International Monetary Fund (IMF))—have generated significant advances in international financial cooperation, particularly in support of developing countries. Such support remains crucial, as a large number of low- and middle-income countries continue to be severely affected by the COVID-19 crisis while economic recovery efforts are very uneven, as underscored by the IMF in its World Economic Outlook.
Thornton explores the little-known history of Mexico’s role in shaping the institutions that would come to define global economic governance.
Increased dependence on China by both Latin America and the European Union not only generates vulnerabilities for both regions, but also creates strategic risks for the United States.
The COVID-19 pandemic provides needed context for the growing environmental movement—mainly that the climate crisis could have outcomes conceivably more dire than the current pandemic.
The relocation of COP25 from Chile to Spain was a missed opportunity to focus on Latin America’s environmental issues, especially the ambiguous governance of DFI-financed projects in the region.
The U.S. can both balance Chinese influence and help Latin American governments address environmental and social concerns by investing in the “soft” side of the infrastructure boom.
Chinese investment and lending in the region declined last year, in part reflecting skittishness over the deteriorating situation in Venezuela. Despite the drop, Chinese state-to-state finance continues to outstrip the World Bank, IDB and CAF.
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.