Beijing is turbo-charging its infrastructure connectivity across the region and the Caribbean. "Who lost Latin America?"Asia TimesChina’s ‘New Silk Roads’ reach Latin America Pepe Escobar See alsoTalk of four nation-led ‘alternative’ to Belt and Road picks up steam Asia Times StaffSee also Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an...
Read More »Matias Vernengo — The Latin American Crisis
Matias Verengo sums up the Latin American crises, present and past. Manufactured.Naked KeynesianismThe Latin American CrisisMatias Vernengo | Associate Professor of Economics, Bucknell University
Read More »The Latin American Crisis
Downhill I have not written on the problems in the region for a while now (last stuff that is more comprehensive here in the talk at Keene, for example), in part, because the whole theme is a bit depressing (more recently the Honduras crisis, and the return of the right in Chile). As I have noted before, there is no doubt that the collapse of commodity prices has played a significant role in the downturn in the region, but it is also true that a lot of the problems are political in...
Read More »More on “Why Latin American Nations Fail”
Brief summary of the content of the book published in the newsletter of the World Economics Association.Institutions are central to explaining the way in which, nations grow and develop. Traditionally the study of institutional economics focused on a very broad range of interests and made contributions in several different areas, including the structure of power relations, the beliefs systems, and also social norms of conduct. Contrarily the New Institutionalist turn in mainstream...
Read More »Monitoring the evolution of Latin American economies using a flow-of-funds framework
New paper by Esteban Pérez. From the abstract: Flow-of-funds accounting permit to monitor the financial sector in terms of flows and stocks and to analyze its relationship with the real sector. These show inter-sectoral financial flows, capture balance sheet positions and all financial transactions by instrument, type and economic sector. The construction of flow-of-funds accounts has been traditionally spearheaded by the central banks of developed nations including the Federal Reserve,...
Read More »Daniel Margrain — Venezuela: History repeating itself?
The corporate media is deliberately giving readers the false impression that Venezuela is ‘flirting with dictatorship’. In reality, these claims couldn’t be further from the truth. But majority support for a Constituents Assembly, and the fact that the Governing United Socialist Party won 17 out of 23 governor races is irrelevant to Washington’s nefarious objectives. US Secretary of State, Rex Tillerson is threatening to remove Venezuelan President Nicolas Maduro is he doesn’t leave of his...
Read More »Matias Vernengo — Why Latin American Nations Fail
Book has finally been published. I just got my copies. And yes it is a critique of New Institutionalist views and the title a play with the Acemoglu and Robinson's book title. From the back cover. "The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new...
Read More »Why Latin American Nations Fail
Book has finally been published. I just got my copies. And yes it is a critique of New Institutionalist views and the title a play with the Acemoglu and Robinson's book title. From the back cover."The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new...
Read More »China comes to aid of Cuba
New kid on the block.China.org.cnChinese aircraft delivers humanitarian aid in Cuba after Hurricane Irma Xinhua Latin America is an important region with a concentration of developing countries, said Wang. The development and revitalization of the region is an important part of the endeavors to revitalize the emerging markets and developing countries as a whole.China-Latin America comprehensive cooperation is facing new opportunities, he noted. Ecns.cn China, Cuba vow to enhance...
Read More »telesur — US Vice President Meets Venezuelan Opposition and Promises More Sanctions
U.S. Vice President Mike Pence has been in Florida to meet Venezuelan opposition leaders, capping off his tour of Latin America last week where he sought support against the government of President Nicolas Maduro.... Pence, for his part, continued to repeat the White House position that the democratically-elected government in Caracas resembled a “dictatorship,” and that there was “more to come” in terms of sanctions. Soon after visiting the house of worship, Pence also made his presence...
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