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After years of economic expansion, the South American nation has begun to sputter. Inflation has become a major concern. Brazil’s stock market index has declined about 23 percent this year, the most of any large country. This month, Standard & Poor’s cut its outlook on Brazil’s credit rating to negative, citing slowing growth and weakening finances.

Mr. Batista’s conglomerate, as an emblem of the nation’s industrial mettle, ranked among the government priorities now being questioned, receiving more than $4 billion in loans and investments from the national development bank.

authorities channeled huge resources of the state to projects controlled by tycoons.

As both the largest country in Central America and the least populated, Nicaragua has the opportunity to enforce environmental protection laws and conserve a relatively large amount of natural resources. However, a variety of forces are driving deforestation and rapidly increasing pollution.

Known as the "Land of Lakes and Volcanoes," and reveling in its status in Central America as the country with the most fresh water, Nicaragua has very little safe drinking water. Those who cannot afford to purchase water are extremely vulnerable to a variety of health issues.

Export agriculture in Central America has long been a booming business for U.S. corporations. Yet pesticides employed at fruit and cotton plantations and other export crops throughout the last 40 years contributed to health problems for entire generations.

Construction of Nicaragua Canal Threatens Indigenous Lives and Livelihoods

The Nicaraguan Government has failed to properly consult Indigenous communities regarding the canal’s construction.

The construction of the canal promises environmental abuses and human rights violations as the proposed route cuts through the land of multiple Indigenous territories on Nicara- gua’s coasts and within its mainland. Thousands of people are expected to be impacted with many being forcibly displaced, primarily including the Kriol and Indigenous Rama people,
in a clear violation of Indigenous autonomy laws in Nicaragua and international human rights documents.

things have gotten worse for Batista. Hit by mounting debt, a series of project delays and a crisis of confidence, his six publicly listed companies have suffered one of the most spectacular corporate meltdowns in recent history.

He pumped billions into the group's companies even as share prices plunged by as much as 90 percent.

His own fortune - the world's seventh-biggest last year, according to Forbes - has declined by more than $25 billion over the past 18 months.

in the joint announcement by Brazil and the United States, the two nations committed to increasing the use of wind, solar and geothermal energy to make up 20 percent of each country’s electricity production by 2030, which would double power generation from renewable sources in Brazil and triple it in the United States. Brazil also pledged to restore about 30 million acres of Amazon rain forest, an area about the size of Pennsylvania.

Money is another major obstacle. In 2009, Secretary of State Hillary Rodham Clinton pledged that by 2020, developed economies would send $100 billion annually, from both public and private sources, to developing economies to help them adapt to the ravages of climate change. This year, the United Nations has sought to establish a $10 billion “Green Climate Fund” to help begin that fund-raising effort.Although Mr. Obama has pledged $3 billion — more than any other nation has offered — Republicans in Congress have blocked efforts to appropriate the money.Climate policy experts say that without the money from rich countries, developing economies will not be able to follow through on their pledges.

If the biggest economic story this century was China’s rise, Brazil was uniquely poised to benefit from it. Rich in iron ore, soybeans and beef, not to mention oil, Brazil was positioned as a supplier of many things China needed. Its annual trade with China, only around $2 billion in 2000, soared to $83 billion in 2013. China supplanted the U.S. as Brazil’s largest trading partner.

Brazil fell under what some economists call the “resource curse,” a theory describing how countries with abundant natural resources sometimes do worse than countries without them. The idea is that the money from commodity sales can lead to overvalued currencies and shortsighted policy-making, leaving such countries badly exposed when the resource boom finally ends.

“Unfortunately, the history is that commodity-dependent economies do not catch up with the U.S.,” said Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management. “Not just oil producers. More countries end up being poorer, compared with the U.S., after they find a commodity than catch up.” Using data going back to 1800, he said commodity-dependent economies typically grow for a decade, then spend as long as two decades wallowing or slipping back.

n the international arena, the new president, Dilma Roussef, has pulled back from Luiz Inácio Lula Da Silva's many excesses (indifference to human rights abuses, support for Iran and its nuclear program, and rhetorical anti-Americanism) during his last year in office, and may even have a present for Obama.

South America is booming, as India and China swallow up its exports of iron, copper, soybeans, coffee, coal, oil, wheat, poultry, beef, and sugar. Its foreign trade and investment patterns are diversified and dynamic. With a few minor exceptions, migration is internal to the region, and a modus vivendi has been reached with the drug trade, mainly coca leaf and cocaine in Bolivia, Peru, and Colombia. Moreover, relations with the US, while important, are no longer paramount. South American governments can afford to disagree with the US, and often do. They have just elected a new president of the Union of South American Nations (Unasur), whose headquarters are being built in Quito, Ecuador. As its name suggests, Unasur's main raison d'être is to exclude Canada, the US, and Mexico (in contrast to the Organisation of American States).

None of this holds true for Mexico, Central America, and the Caribbean islands – mainly the Dominican Republic, but eventually Cuba, too, and, in its own way, Haiti. These are not mineral-rich or bountiful agricultural nations: some coffee and bananas here, a little sugar and beef there, but nothing with which to sustain a boom. While Mexico is America's second-largest supplier of oil, this represents only 9 per cent of its total exports. Instead, these countries export low-value-added manufactured goods (Mexico does more, of course), and live off remittances, tourism, and drug-transshipment profits. All of this is overwhelmingly concentrated on the US: that is where the migrants are, where the towels and pajamas are shipped, where the tourists come from, and where the drugs are bought. For these countries, including Mexico, stable, close, and productive relations with America are essential.