Not Your Granma’s Cuba: A New Day in the Caribbean

Much has changed since Fidel Castro arrived on the Granma yacht in 1956. On July 20, 2015, Cuba and the United States reopened their embassies in Washington and Havana for the first time in decades, marking a crucial step towards the normalization of relations. Yet, while much attention will be placed on these international developments, […]

A Runoff for Brazil’s Rousseff and Neves

Brazilian President Dilma Rousseff won the first–round of the 2014 presidential election yesterday with almost 42 percent of the vote. The real surprise of the contest, however, came in Brazilian Social Democratic Party (PSDB) nominee Aecio Neves’s impressive second place finish, capturing a third of voters and surpassing Marina Silva of the Brazilian Socialist Party (PSB). […]

Argentina’s Default: A Not-So-Illogical Move

Argentina failed to reach an agreement with its holdout creditors last week, defaulting on its debt for the second time in thirteen years. In this piece for Foreign Policy, I explain why this outcome is not so surprising. You can read the beginning of the piece below:  On July 30, Argentina defaulted on its outstanding debt. The technical […]

Argentina Defaults: The Day After

Argentina has defaulted. The long-running court drama that ran for over ten years and pitted Argentina against a small group of holdout creditors was decided decisively in favor of the holdouts in June, and Argentina subsequently refused to make payments as required by the courts. As a result, neither the holdouts nor the holders of […]

Increasingly Desperate Venezuela Makes Oil-for-Cash Deal With China

By Nick Cunningham: Venezuela is showing increasing signs of desperation as it takes out an additional $4 billion in loans from China in exchange for oil. The deal, announced July 21, will give embattled Venezuelan President Nicolas Maduro an immediate influx of cash, which he needs to keep the economy afloat. Average Venezuelans are suffering […]

Great Graphic: Brazil Giving Up Another Goal?

Many Brazilians are loath to see their rival Argentina win the World Cup at the Maracana on Sunday. However, as this Great Graphic from theFinancial Times beyondbrics blog, shows, Brazil is falling behind another regional rival, Mexico, in auto output. Mexico’s auto output in H1 was 1.60 mln units, while Brazil produced 1.57 mln vehicles.    Although Mexico’s lead […]

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 […]

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