Sorry Latin America, This Is Not Like the Last Commodities Super-Cycle…
By
Tony Volpon
Regional economies may get a boost. But don't expect a miracle either
Leer en español SÃO PAULO - Where goes commodity prices, so goes Latin America In the Cambridge University’s Economic History of Latin America since Independence, we read the following: "The volatile nature of commodity prices in the 1970s left both private sector and the public sector unable to distinguish between temporary and permanent improvements in the external environment" The quote above from Victor Bulmer-Thomas refers to events in the 1970s which seem to repeat events in the 1920s for the region, but we can argue that pretty much the same thing happened in the last...
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