Evidently the global crisis took over number worries this year around the globe. Even if Latin America passed as the region with the best readiness to face the financial Tsunami, its economies suffered the consequences. For the Spanish financial magazine AmericaEconomia in its special report at the end of the year, these were the main numbers that affected the Western Hemisphere in 2009: (more…)
On 2009/12/30, In Economy, By Albeiro Rodas
On 2009/05/30, In Economy, By Albeiro Rodas
The Costa Rican National Theater. Photo Andrés Alvarez.
According with a recent study of the Inter-American Development Bank (IDB), Costa Rica was perceived as the best place to live in Latin American and the Caribbeans. It has the best standard of life, economical situation, and the best national system of health and education, according with its own people. The results, published also by AmericaEconomía magazine, was a research made among persons from 23 Latin American nations. (more…)
On 2009/05/01, In Economy, By Albeiro Rodas
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…)
The International Center of Fairs and Conventions of San Salvador on October 2008, the place of the 18th Ibero-American Summit. Photo Wikimedia Commons.
2008 was the last year of the economic boom of Latin America that started in 2003 and was slowed by the world financial crisis, according with the economical regional institute for Lat. America, CEPAL. However, it is the region of the world better prepared to face the global economical recession thanks to that boom. (more…)
On 2008/10/16, In Economy, By Albeiro Rodas
It seems that Europe has lost interest in Latin America. (The graphic is a derived work from http://thegoldguys.blogspot.com/)
By Andrés Espinosa Fenwarth (aespinosa@minagricultura.gov.co), translation of Albeiro Rodas, published in Spanish in Portafolio.com.co on October 15, 2008.
The Andean Summit of Guayaquil (Ecuador) will see this week the relations with the European Union (EU) that were managed in the past country by country. With the strengthening of the EU, first as a customs union and after as a common market, our relations has become of region to region, based in several inter parliamentary and ministerial meetings done during more than three decades and especially by the Summits of Chiefs of State of Rio de Janeiro (1999), Madrid (2002), Guadalajara (2004), Vienna (2006) and Lima (2008). (more…)
On 2008/08/17, In Culture, By Albeiro Rodas
Another personality who died in Colombia recently was Orlando Fals Borda, a name that became common in the Colombian universities and at large in the Latin American world of intellectuals. What is the meaning of Fals Borda as a scholar for the studies of the Colombian society is something that will come when his work will be review under a more analitic context. (more…)
On 2007/11/01, In Culture, By Albeiro Rodas
“According to one panellist, Colombia’s stock exchange has quadrupled since 2002, and though its corporate cycle has shown some lack of pace, larger conglomerates are selling their assets and focusing instead on core business to buoy their new efforts.”
World Economic Forum. Latin America has experienced several economic revolutions and shifts in business models. The session moderator observed that, in spite of the seemingly morose tone of the previous session on the effects of the US crisis, Latin America has shown substantial growth rates and is witnessing the emergence of new markets with attendant economic optimism. (more…)
On 2007/11/01, In Culture, By Albeiro Rodas
According with the World Economic Forum on Latin America.
Santiago de Chile (WEF). Despite a relatively upbeat outlook of strong economic growth into 2007/8, there are a number of dark clouds on the horizon that threaten the Latin American Goldilocks scenario. Panellists in a session at the World Economic Forum on Latin America listed them as a potential overheating in Asia; a further deterioration in the US housing sector which could cause a sharp slowdown in US consumer spending; and a global re-appreciation of risk.
The regional GDP growth rate is forecasted to be in the vicinity of 4.5-5%. This represents a continuation of recent economic growth in the region (which has seen an increase in GDP per capita of 16% in four years), and is more than double the region’s long-running average of 2.5% growth.
The long-term energy outlook was also discussed, with agreement that recent trends in world demand represent a long-term sectoral shift due to the emergence of China and India (with China alone representing 30% of the growth in oil demand over the past 10 years). The need for huge investments to enact a suitable supply-side response was emphasized.
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