Foreign Direct Investment in Latin America Holds Steady in 2013

In 2013, foreign direct investment (FDI) in Latin America reached $185 billion according to the latest ECLAC report, continuing the slight upward trend of the last three years. Brazil maintained its number one position as the largest FDI destination, raking in $64 billion (over one third of all regional FDI). Mexico came in second, with some […]

What Has Changed in Emerging Markets?

(from my colleague Ilan Solot ) 1) The Bank of Korea is becoming more independent 2) We expect the Brazilian Central Bank to start hiking by 25 bp in May 3) Israel intervened to weaken the shekel for the first time since July 2011 4) Chile is stepping up its FX intervention rhetoric 5) Mexico suspends […]

Like a Hummingbird – From Chile to Mongolia

Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades. It’s been some time now since knowledge and technology flowed only from advanced economies (“North”) to developing ones (“South”). Not only has South-South cooperation flourished, but also lessons from South to North have come to the […]

Conditional Cash Transfer Programs: Worth the Price?

In the economic development world, one of Latin America’s claims to fame are its conditional cash transfer programs (CCTs), which provide direct money transfers to low-income families who send their children to school and/or get basic health care. A few of these programs, such as Bolsa Família in Brazil and Oportunidades in Mexico, reach millions […]

Despite Hurdles, Latin Americans “Satisfied” According to OECD

The Organization for Economic Cooperation and Development (OECD) released a report this month on the overall well-being of its thirty six member countries. Looking specifically at its three Latin American members—Mexico, Brazil, and Chile—some of the results aren’t surprising. The three countries all come in the bottom four positions (joined by Turkey) in categories such […]

Latin America’s Economic Outlook

Source: The 2012 IMF Economic Outlook Report for the Western Hemisphere The recent IMF economic outlook report entitled, “The Western Hemisphere: Rebuilding Strength and Flexibility,” is overall quite bullish on the region. Fueled by favorable commodity prices and plentiful international credit, it lauds (as much as the IMF does) the steady growth of the past […]

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