CCTV: Farnsworth on the Rising Cost of Living in Latin America

CCTV and COA's Eric Farnsworth discuss the factors influencing Latin America's rising cost of living. In Colombia, for example, the positive climate for foreign business operations has created both a "high cost story and a good news story," says Farnsworth. Still, for many countries, rising inflation is disproportionately impacting the lower and middle classes. Direct subsidy payments, cost control of staple goods, and opening economies further may be some of the ways to combat these problems, explains Farnsworth.