Why Latin America’s Protests Could Slow Brazil’s Economic Reforms
Why Latin America’s Protests Could Slow Brazil’s Economic Reforms
Demonstrations across the continent have investors wondering if the same could happen in Brazil – and upend the government's economic reform agenda.
SÃO PAULO – When mass protests forced Ecuador's President Lenín Moreno to reverse course on a cut to fuel subsidies last month, most Brazilian political risk analysts interpreted the crisis as a country-specific event. An outbreak of protests in Bolivia the following week was similarly seen in Brazil as a largely isolated incident. Despite other recent protests in Peru, Honduras and Haiti, few observers in Latin America’s largest economy believed such events would have broader implications for the region.
That changed when protests in Chile, initially in response to a hike to subway...
Read this article on the Americas Quarterly website. | Subscribe to AQ.
