November 21, 2013
The Wall Street Journal, 11/21/2013
Even though Latin America has been a laggard among developing markets this year, some advisers are convinced the resource-rich region is poised for a turnaround.
But instead of investing once again in Brazil–the 800-pound gorilla in the group–contrarian portfolio managers are finding smaller markets in Mexico and Chile as better bets to tap into Latin America’s long-term growth.
November 20, 2013
The Wall Street Journal, 11/19/2013
It sounds like the typical American dream for an immigrant: Each month, Marco Antonio Serna sends $500 to his parents, wife and 17-year-old daughter back in Colombia. Except Mr. Serna, 43 years old, didn’t migrate to the U.S. for work; he went to Chile, where he is employed at a small casino outside Santiago. ”There’s a big community of Colombians here,” the former factory worker says.
In a noticeable and important shift in global migratory patterns, millions of migrant workers are no longer relying on the U.S. as heavily as they did for better-paying jobs that allowed them to send money home to families in Latin America, the Caribbean and Asia. Instead, they have moved more to developing economies, creating a shift in money transfers out of countries like Chile, Brazil and Malaysia.
November 18, 2013
Al Jazeera America, 11/16/2013
Remittances to Spanish-speaking Latin American countries have rebounded from their recent decline, a new study by the Pew Research Center shows, but the amount of money sent to Mexico has continued to fall, likely because the Mexican immigrant population in the U.S. has dropped dramatically since the 2007 recession.
The amount of money or other assets that migrant workers sent to Mexico, an estimated $22 billion in 2013, has fallen from a pre-recession peak of more than $30 billion.
November 18, 2013
The Christian Science Monitor, 11/17/2013
Here’s a dollar – if you change your behavior. That’s the revolutionary – and controversial – idea behind conditional cash transfer programs for the poor, which cover 129 million people across 18 Latin American countries, nearly a quarter of the entire region’s population.
The largest such program is Brazil’s Bolsa Família, which gives a small monthly stipend to 13.8 million families. Mothers must receive pre- and postnatal care, and children must receive basic vaccinations and stay in school until age 17. The Ministry of Social Development monitors feedback from doctors and schools, and the stipend is then deposited into the recipient’s bank account (preferably that of a woman).
October 23, 2013
Dr. Emmett Brown takes banana peels, leftover beer, and some other pieces of garbage from the trash to charge his car — a DeLorean equipped with the Mr. Fusion Home Energy Reactor. Although in this scene from the movie Back To The Future (1985), the technology was invented in 2015, energy generated from garbage can now be seen in real life, and right here in Latin America.
The system, called biodigestion or anaerobic digestion, generates electricity from gases produced by different organic materials. While Chile and Argentina have just discovered this type of energy source, Peru and Mexico have been using it for the past for 30 years. In fact, the Monterrey subway in northern Mexico operates with electricity from garbage.
October 10, 2013
Fox News Latino, 10/08/2013
As the partial shutdown of the United States government limps into a second week, its effects are being felt not just at home but across the globe. In Latin America, currencies have swung up and down with economists and analysts keeping close watch on the action in Congress for its immediate and long-term impact on the region.
The two largest economies in Latin America, Brazil and Mexico, saw their economies rise and fall respectively in the wake of the U.S. government shutdown and, next up, possibly defaulting due the debt limit impasse. The Mexican peso plummeted to a monthly low because of concerns over demand in the U.S. for Mexican products, while Brazil’s real currency shot up because of speculation that the shutdown would delay the U.S. Federal Reserve’s stimulus program that injected cheap U.S. cash into emerging markets throughout the world.
September 18, 2013
Miami Herald, 9/18/2013
In simultaneous moves that went almost unnoticed in the rest of the world, Mexico and Brazil passed historic education reforms last week that, if carried out as planned, could help propel Latin America’s biggest countries to the First World in coming decades.
The key question is whether the Mexican and Brazilian people will keep up the pressure on their governments to improve the quality of their educational systems, because politicians will only enforce rules that are opposed by teachers unions if they feel social pressure to do so. Mexico and Brazil’s new education laws are historic, but the battle to achieve world-class education systems is just beginning.
August 27, 2013
Asia could become twice as important to Mexico as an export market over the next five years as the country strengthens trade ties with the fast-growing economies of the region, Mexican Economy Minister Ildefonso Guajardo said on Monday.
Latin America’s biggest exporter is working to diversify its trade to reduce its dependence on the U.S. market, which takes in more than three quarters of Mexico’s exports. For years a peripheral market for Mexico, Asia has been growing in importance, and Mexican President Enrique Peña Nieto has been at pains to bolster relations with China in particular since he took office at the start of December.
August 12, 2013
BBC News, 8/9/2013
Ten days ago, the lower house of Uruguay’s parliament passed a law legalizing marijuana, reflecting a growing sentiment in Latin America that the current prohibition on drugs should change. Could Mexico be next?
Arguably, Mexico has lost the most in the war on drugs, with tens of thousands of drug-related killings every year. But there are now calls for Mexico to take a leaf out of Uruguay’s book and pass similar legislation.