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Jan

2014: Is This Latin America’s Big Year?

Written on January 2, 2014 by Waya Quiviger in Americas, International Development, News

The 1980s were unkind to Latin America. Surging drug violence, economic turmoil, and a staggering debt crisis all led to our southern neighbors’ “lost decade”. Yet since the 2000s, things have been looking—and going—up. In fact, thanks to its strong economic growth and growing international influence, 2014 has the potential to be Latin America’s best year yet.

Latin America’s economic growth will only increase in its upward trajectory in 2014, driven by countries such as Brazil, Chile and particularly Mexico. According to theU.N., “Based on promising signs of private consumption and manufacturing, the region will see [expected] growth rates of 3.6 in 2014 and 4.1 percent in 2015, according to World Economic Situation and Prospects 2014, a report that launches in January.” The U.N. Economic Commission on Latin America forecasts that Latin-American Economic development will be the highest of all global regions for 2014. Brazil is slowing down compared to its explosive performance in recent years, but still very strong. Brazilian finance minister Guido Mantega said in December that foreign direct investment continues to be robust and, according to the Wall Street Journal, “pointed to $8.3 billion in foreign direct investment posted in November as a strong signal investors continued to favor the country. In October, the figure was $5.4 billion.” Read more…

As published in the National Interest on December 30, 2013 http://nationalinterest.org/blog/the-buzz

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