Following the release of first quarter indicators and news of record FDI rates, several Latin American countries showed capacity to weather global economic volatility. But analysts warn of slower growth in the coming year.
At the AS/COA book launch for Can America Compete?, a panel including the publication's contributions and co-editor debated whether Latin America's growth is sustainable and will allow the region to to break the cyclical boom and bust pattern that has historically characterized its economy.
As the Western Hemisphere experiences the consequences of rising food prices, experts and leaders seek to identify the crisis' source as well as solutions. A debate over biofuels has emerged with the food price hikes.
Consumption and domestic demand are helping to fuel an economy that recorded a 5.4 percent increase in real GDP growth last year. AS/COA examines Brazil’s boom in areas ranging from credit to construction and insurance.
A proposal to create a South American defense alliance arose last week during a Brazil-Venezuela summit. As tensions between Ecuador and Colombia continue, Brazilian officials recommend a defense board to mediate in regional disputes.
Brazil leads the hemisphere in IPOs, but the region as a whole lags far behind other emerging markets.
With Brazil's economy holding steady in the face of worldwide financial worries, the country could play a leadership role on matters ranging from trade to economic policy. Yet concerns about a possible global downturn remain.