The Economic Recovery of Latin America: The Myth and the Reality

Author(s):  
Henry Veltmeyer ◽  
James Petras ◽  
Steve Vieux
2021 ◽  
Author(s):  
Giovanni Leo Frisari ◽  
Max Messervy

Despite the significant challenges in mobilizing investors resources towards sustainable infrasctrure investments in Latin America and the Carribbean, an investment opportunity in low carbon and resilient assets exists and represents a critical step towards a sustainable economic recovery from the financial duress due to the COVID-19 pandemic and its impacts on health and economic systems of the region. This papers contribuition is two-fold: it attempts to estimate and size an ideal sustainable investable pipeline accross the region generated by several policies promoting public-private-partnerships (PPP) in the transport and energy sectors. Then it identifies and details different investment strategies and financial instruments available to institutional investors to invest in the region while mitigating the risks they perceived and hinder the mobilization of their resources. Such strategies discussed in the paper include: joint ventures with local counterparties, direct and active investments in the national markets, and/or access to markets via partnerships with development financial institutions.


Significance These include a reorganisation of global value chains, an increase in intraregional trade in the other regions and a resurgence of economic nationalism. The report urges increased regional integration as the key to a sustainable and inclusive post-pandemic economic recovery. Impacts Despite higher commodity prices, LAC’s exports are unlikely to recover their pre-pandemic level before 2022. Digital skills will become increasingly more important for LAC’s growth and how its benefits are distributed. The pandemic’s impact on tourism and the hospitality industry suggests a disproportionate effect on women’s employment.


Significance As in other parts of Latin America, Washington is keen to push back on Chinese influence in Peru, but its options in this respect are limited. Impacts Disputes over mining and fishing will not divert attention away from the strategic partnership. Peru is also keen to develop ties with fellow APEC members. Lima will seek to defend its economic sovereignty in its ties with Washington.


Significance The contraction is considerably greater than the expected reduction in FDI globally. The report also warns that a post-pandemic reorganisation of global supply chains may pose additional challenges for the region, as well as some potential opportunities. Impacts LAC countries are particularly dependent on FDI to create jobs and boost economic recovery in the wake of the pandemic. LAC’s limited insertion into global supply chains risks becoming a long-term impediment to FDI and economic development. As automation increases, cheaper labour will become less of an advantage in attracting FDI to LAC.


Headline LATIN AMERICA: COVID economic recovery will be slow


2012 ◽  
Vol 27 (1) ◽  
pp. 189
Author(s):  
Emma Liliana Navarrete

En los últimos lustros América Latina ha sufrido crisis económicas y problemas laborales; cada país ha puesto en práctica estrategias diferentes para alcanzar la recuperación económica, la estabilidad y el dinamismo en sus mercados. Entre las problemáticas generales destacan el crecimiento de la población ocupada en el sector informal de la economía, la falta de protección social, la inestabilidad laboral y la precarización del empleo asalariado. El propósito de este texto es conocer la manera en que México y Brasil han intentando abatir estos problemas y si los resultados han sido satisfactorios. AbstractIn recent decades, Latin America has suffered economic crises and labor problems. Each country has implemented different strategies to achieve economic recovery, stability and dynamism in its markets. The main problems include the growth of the population employed in the informal sector of the economy, the lack of social protection, work instability and the precarization of salaried work. The purpose of this text is to determine the way Mexico and Brazil have tried to reduce these problems and whether the results have been satisfactory.


Subject The outlook for Mercosur trade relations. Significance Brazil plays a central role in regional economic integration, particularly through its influence over the other Mercosur founding members, Argentina, Paraguay and Uruguay. However, trade and investment relations experienced a period of slowdown until recently. Bilateral relations with Argentina remain important, accounting for more than three-quarters of Brazil’s trade flows within Mercosur, despite three years of low Brazilian investments in its neighbour. Impacts Brazil’s economic recovery will be central to boosting regional dynamism within Mercosur members. Brazil can further explore its potential as a hub for other partners in Latin America. Stronger integration between Latin American economies may facilitate relations with potential investors in the region.


2014 ◽  
Vol 38 (01) ◽  
pp. 102-129
Author(s):  
ALBERTO MARTÍN ÁLVAREZ ◽  
EUDALD CORTINA ORERO

AbstractUsing interviews with former militants and previously unpublished documents, this article traces the genesis and internal dynamics of the Ejército Revolucionario del Pueblo (People's Revolutionary Army, ERP) in El Salvador during the early years of its existence (1970–6). This period was marked by the inability of the ERP to maintain internal coherence or any consensus on revolutionary strategy, which led to a series of splits and internal fights over control of the organisation. The evidence marshalled in this case study sheds new light on the origins of the armed Salvadorean Left and thus contributes to a wider understanding of the processes of formation and internal dynamics of armed left-wing groups that emerged from the 1960s onwards in Latin America.


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