The Administrative Department of Statistics of Colombia, DANE (its acronym in Spanish) reported that unemployment is higher this year.
In the period August – October 2008 the national rate of unemployment was 10.8%.
This year to the same period it is 11.8%.
The global financial crisis produced its effects in the Colombian economy especially in the deterioration of the main sources of employment like industry and commerce.
Unemployment is the first evident consequence of the global financial crisis, accordint to the Economic Commision for Latin America and the Caribbean region (CEPAL).
When economic is reduced, the numbers in unemployment grow naturally. In Latin America, unemployment was 7.5 percent in 2008, while it grew to 9 percent during the first four months of this year. (more…)
Cartagena de Indias. The richest men of Latin America came to this city in what they call “Parents and Sons Meeting” this week. They intend to discuss immediate actions to prevent the effects of the global recession in the region. But what is interesting is the type of language they are using: to face it with social responsibility. The key is avoiding as much as possible the cut in the number of employees. (more…)
The financial crisis became a priority for the new president of US, Barack Obama. He has recognized the severity of the economic crisis. Recently he said that the banks were the direct responsable for the crisis. As his strategy, he chose individuals who would bring continuity to economic policies and reassure the markets, according to his statements. By his part, the former president of Cuba, Fidel Castro, said to this: "Even if Kant, Plato and Aristotle come to life again at once together with the brilliant economist late John Kenneth Galbraight, they will not be able to resolve the antagonist contradictions, every moment more frecuent and deep." Art by Haro.
By Albeiro Rodas | Art by Haro
Asia | ColPass. While many stand to wait a magician act from new US president Obama to resolve the most irresponsible financial crisis of the modern times, political leaders look for solutions in Davos-Klosters, Switzerland in the annual World Economic Forum that will end tomorrow. There have been tips that should be taken seriously, like to state a global cooperation and fiscal and monetary policy measures to stabilize the economical crush. (more…)
Cartagena | ColPas. The meeting of the two most controversial presidents of Latin America in Cartagena de Indias was rather friendly. Even if journalists touched hot subjects like the Farc hostages that broke relations between Chávez and Uribe since November 2007 or the issue of the reelection that both leaders are looking. But the most important thing was the agreement that will help small enterprises in both countries and the perspective of a common currency. (more…)
The two most famous presidents of the Americas will meet in Cartagena de Indias at the end of this month. On 24th January Álvaro Uribe of Colombia and Hugo Chávez of Venezuela will have a meeting to discuss the effects of the financial crisis in the two South American nations. (more…)
One of the signs of crisis is the return of migrants to their original countries. Maybe it could be seen as positive by those who dislike migrants, especially from poor countries, but actually that is a sign of economical decadence, both, for the developed nation and for the poor country. (more…)
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