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The Most Important Alliance You've Never Heard Of - Moisés Naím - The Atlantic - 0 views

www.theatlantic.com/...283877 latin america economic group chile mexico peru colombia
shared by Javier E on 18 Feb 14 - No Cached
  • the presidents of Chile, Colombia, Mexico, and Peru met with little fanfare in Cartagena last week to seal an economic pact launched in 2012. They call their project the Pacific Alliance, and it will soon include Costa Rica
  • The four founding members are the most successful economies in Latin America; they boast the region's highest economic-growth rates and lowest inflation rates. Together, they represent 36 percent of the region's economy, 50 percent of its international trade, and 41 percent of all incoming foreign investment. If the Alliance were a country, it would be the world's eighth-largest economy and seventh-largest exporter. Its members lead the lists of the most competitive economies in Latin America and those where it’s easiest to do business.
  • the Pacific Alliance has already yielded more results in its 20 months of existence than similar initiatives that have been around for decades. The four countries have eliminated 92 percent of all import tariffs among them. Chile, Colombia, and Peru have linked their stock markets so that a company listed in one of the exchanges can be traded in the other two. Mexico is expected to follow suit this year, meaning this integrated stock market will rival that of Brazil as the largest in Latin America. The four countries have eliminated the need for business and tourist visas for visiting nationals of bloc members. In a break with tradition, the joint communiqués of Alliance presidents tend to be brief and concrete in terms of goals, timelines, and roadmaps.
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As Argentine Peso Falters, President Keeps a Low Profile - NYTimes.com - 0 views

www.nytimes.com/...esident-keeps-low-profile.html argentina economy
shared by Javier E on 01 Feb 14 - No Cached
  • The peso plunged 15 percent on Jan. 22 and 23, from around 6.9 pesos to the dollar to 8 pesos, according to Bloomberg News, and has since stablized. It closed on Friday at 8 pesos to the dollar. It weakened by a total of 19 percent in January.
  • Generous social spending after the economic collapse, like freezing household electricity rates, has widened Argentina’s budget deficit, encouraged energy consumption and increased the country’s dependence on energy imports, eroding the central bank’s hard currency reserves. Inflation is so high that it has become a heated political issue, with economists saying it exceeded 28 percent in 2013 and officials insisting it was 10.9 percent.
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Caribbean Nations to Seek Reparations, Putting Price on Damage of Slavery - NYTimes.com - 0 views

www.nytimes.com/...rice-on-damage-of-slavery.html caribbean slavery reparations suit
shared by Javier E on 22 Oct 13 - No Cached
  • Spurred by a sense of injustice that has lingered for two centuries, the countries plan to compile an inventory of the lasting damage they believe they suffered and then demand an apology and reparations from the former colonial powers of Britain, France and the Netherlands.
  • “Our constant search and struggle for development resources is linked directly to the historical inability of our nations to accumulate wealth from the efforts of our peoples during slavery and colonialism,” said Baldwin Spencer, prime minister of Antigua and Barbuda, in July this year. Reparations, he said, must be directed toward repairing the damage inflicted by slavery and racism.
  • “What happened in the Caribbean and West Africa was so egregious we feel that bringing a case in the I.C.J. would have a decent chance of success,” Mr. Day said. “The fact that you were subjugating a whole class of people in a massively discriminatory way has no parallel,” he added.
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  • Some Caribbean nations have already begun assessing the lasting damage they suffered, ranging from stunted educational and economic opportunities to dietary and health problems, Mr. Day said.
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For Migrants, New Land of Opportunity Is Mexico - NYTimes.com - 0 views

www.nytimes.com/...-of-opportunity-is-mexico.html mexico opportunity culture economy latin america
shared by Javier E on 22 Sep 13 - No Cached
  • it is already cheaper than China for many industries serving the American market.
  • while Mexico’s economy is far from trouble free, its growth easily outpaced the giants of the hemisphere — the United States, Canada and Brazil — in 2011 and 2012, according to International Monetary Fund data, making the country more attractive to fortune seekers worldwide.
  • residency requests had grown by 10 percent since November, when a new law meant to streamline the process took effect. And they are coming from nearly everywhere.
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  • Spanish filmmakers, Japanese automotive executives and entrepreneurs from the United States and Latin America arrive practically daily — pursuing dreams, living well and frequently succeeding.
  • “There is this energy here, this feeling that anything can happen,” said Lesley Téllez, a Californian whose three-year-old business running culinary tours served hundreds of clients here last year. “It’s hard to find that in the U.S.”
  • more Americans have been added to the population of Mexico over the past few years than Mexicans have been added to the population of the United States, according to government data in both nations.
  • If the country of 112 million people can harness the energy of foreigners and newly educated Mexicans, become partners with the slew of American firms seeking alternatives to China, and get them to do more than just hire cheap labor, economists and officials say Mexico could finally become a more equal partner for the United States and the first-world country its presidents have promised for decades.
  • “There’s been an opening to the world in every way — culturally, socially and economically.”
  • global trends have been breaking Mexico’s way — or as President Enrique Peña Nieto often puts it, “the stars are aligning” — but there are plenty of obstacles threatening to scuttle Mexico’s moment.
  • The challenge, he said, is making sure that the growing interest in his country benefits all Mexicans, not just newcomers, investors and a privileged few.
  • Mexico has failed to live up to its economic potential before. “They really blew a moment in 1994 when their currency was at rock bottom and they’d just signed Nafta,”
  • The number of Americans legally living and working in Mexico grew to more than 70,000 in 2012 from 60,000 in 2009, a number that does not include many students and retirees, those on tourist visas or the roughly 350,000 American children who have arrived since 2005 with their Mexican parents. For DiscussionWhy did you decide to move to Mexico?Please share your story in the comments below.
  • closer ties with Mexico’s beloved and hated neighbor to the north, through immigration and trade, have made many Mexicans feel less insular. Millions of emigrants send money earned abroad to relatives in Mexico, who then rush out to Costco for more affordable food and electronics.
  • “Europe feels spiritually dead and so does the United States,” Mr. Quemada-Díez said. “You end up wanting something else.”
  • “We are now more certain about the value of sharing certain things.”
  • Some of the growth is appearing in border towns where foreign companies and binational families are common. American retirees are showing up in new developments from San Miguel de Allende to other sunny spots around Cancún and Puerto Vallarta. Government figures show that more Canadians are also joining their ranks.
  • More and more American consultants helping businesses move production from China are crisscrossing the region from San Luis Potosí to Guadalajara, where Silicon Valley veterans like Andy Kieffer, the founder of Agave Lab, are developing smartphone applications and financing new start-ups. In Guanajuato, Germans are moving in and car-pooling with Mexicans heading to a new Volkswagen factory that opened a year ago, and sushi can now be found at hotel breakfasts because of all the Japanese executives preparing for a new Honda plant opening nearby.
  • Mr. Pace, bearded and as slim as a Gauloises, said he moved to Mexico in 2011 because college graduates in France were struggling to find work. He has stayed here, he said, because the affordable quality of life beats living in Europe — and because Mexico offers more opportunity for entrepreneurship.
  • Some Mexicans and foreigners say Europeans are given special treatment because they are perceived to be of a higher class, a legacy of colonialism when lighter skin led to greater privileges. But like many other entrepreneurs from foreign lands, Mr. Pace and his partners are both benefiting from and helping to shape how Mexico works. Mr. Rodríguez, the former Interior Ministry official, Cuban by birth, said that foreigners had helped make Mexico City more socially liberal.
  • Many immigrants say Mexico is attractive because it feels disorderly, like a work in progress, with the blueprints of success, hierarchy and legality still being drawn. “Not everyone follows the rules here, so if you really want to make something happen you can make it happen,” said Ms. Téllez, 34, whose food business served more than 500 visitors last year. “No one is going to fault you for not following all the rules.”
  • compared with South Korea, where career options were limited by test scores and universities attended, Mexico allowed for more rapid advancement. As an intern at the Korea Trade-Investment Promotion Agency here, he said he learned up close how Samsung and other Korean exporters worked. “Here,” he said, “the doors are more open for all Koreans.” He added that among his friends back home, learning Spanish was now second only to learning English.
  • There were 10 times as many Koreans living in Mexico in 2010 as in 2000.
  • Europe, dying; Mexico, coming to life. The United States, closed and materialistic; Mexico, open and creative. Perceptions are what drive migration worldwide, and in interviews with dozens of new arrivals to Mexico City — including architects, artists and entrepreneurs — it became clear that the country’s attractiveness extended beyond economics.
  • Artists like Marc Vigil, a well-known Spanish television director who moved to Mexico City in October, said that compared with Spain, Mexico was teeming with life and an eagerness to experiment. Like India in relation to England, Mexico has an audience that is larger and younger than the population of its former colonial overlord.
  • “In Spain, everything is a problem,” he said. “Here in Mexico, everything is possible. There is more work and in the attitude here, there is more of a spirit of struggle and creativity.”
  • it was not a country that welcomed outsiders; the Constitution even prohibited non-Mexicans from directly owning land within 31 miles of the coast and 62 miles of the nation’s borders.
  • He struggled to make sense of Mexico at first. Many foreigners do, complaining that the country is still a place of paradox, delays and promises never fulfilled for reasons never explained — a cultural clash that affects business of all kinds. “In California, there was one layer of subtext,” Mr. Quemada-Díez said. “Here there are 40 layers.”
  • Mexico has allowed dual nationality for more than a decade, and among the growing group of foreigners moving here are also young men and women born in Mexico to foreign parents, or who grew up abroad as the children of Mexicans. A globalized generation, they could live just about anywhere, but they are increasingly choosing Mexico.
  • Domingo Delaroiere, an architect whose father is French and mother is Mexican, said Mexico’s appeal — especially in the capital — was becoming harder to miss. When he came back here last year for a visit, after two and a half years in Paris, he said he was surprised. “Art, culture, fashion, architecture, design — the city was filling up with new spaces, things that are interesting, daring,” he said. He soon decided it was time to move. Compared with Mexico, he said, “Nothing is happening in Paris.”
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The Global Elite's Favorite Strongman - NYTimes.com - 0 views

www.nytimes.com/...paul-kagame-rwanda.html politics Africa Rwanda development
shared by Javier E on 05 Sep 13 - No Cached
  • No country in Africa, if not the world, has so thoroughly turned itself around in so short a time, and Kagame has shrewdly directed the transformation.
  • Kagame has made indisputable progress fighting the single greatest ill in Africa: poverty. Rwanda is still very poor — the average Rwandan lives on less than $1.50 a day — but it is a lot less poor than it used to be. Kagame’s government has reduced child mortality by 70 percent; expanded the economy by an average of 8 percent annually over the past five years; and set up a national health-insurance program — which Western experts had said was impossible in a destitute African country.
  • Progressive in many ways, Kagame has pushed for more women in political office, and today Rwanda has a higher percentage of them in Parliament than any other country. His countless devotees, at home and abroad, say he has also delicately re-engineered Rwandan society to defuse ethnic rivalry, the issue that exploded there in 1994 and that stalks so many African countries, often dragging them into civil war.
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  • The question is not so much about his results but his methods. He has a reputation for being merciless and brutal, and as the accolades have stacked up, he has cracked down on his own people and covertly supported murderous rebel groups in neighboring Congo
  • In some areas of the country, there are rules, enforced by village commissars, banning people from dressing in dirty clothes or sharing straws when drinking from a traditional pot of beer, even in their own homes, because the government considers it unhygienic. Many Rwandans told me that they feel as if their president is personally watching them. “It’s like there’s an invisible eye everywhere,” said Alice Muhirwa, a member of an opposition political party. “Kagame’s eye.”
  • why has the West — and the United States in particular — been so eager to embrace Kagame, despite his authoritarian tendencies?
  • Kagame has become a rare symbol of progress on a continent that has an abundance of failed states and a record of paralyzing corruption. Kagame was burnishing the image of the entire billion-dollar aid industry. “You put your money in, and you get results out,” said the diplomat, who insisted he could not talk candidly if he was identified. Yes, Kagame was “utterly ruthless,” the diplomat said, but there was a mutual interest in supporting him, because Kagame was proving that aid to Africa was not a hopeless waste and that poor and broken countries could be fixed with the right leadership.
  • Though Rwanda has made tremendous strides, the country is still a demographic time bomb. It’s already one of the most densely populated in Africa — its 11 million people squeezed into a space smaller than Maryland — and despite a recent free vasectomy program, Rwanda still has an alarmingly high birthrate. Most Rwandans are peasants, their lives inexorably yoked to the land, and just about every inch of that land, from the papyrus swamps to the cloud-shrouded mountaintops, is spoken for.
  • much has improved under his stewardship. Rwandan life expectancy, for instance, has increased to 56 years, from 36 in 1994. Malaria used to be a huge killer, but Kagame’s government has embarked on a wide-scale spraying campaign and has distributed millions of nets to protect people when they are sleeping — malarial mosquitoes tend to feed at night — and malaria-related deaths plummeted 85 percent between 2005 and 2011.
  • Kagame hopes to make more money from coffee, tea and gorillas — Rwanda is home to some of the last remaining mountain gorillas, and each year throngs of Western tourists pay thousands of dollars to see them.
  • aid flows to Rwanda because Kagame is a celebrated manager. He’s a hands-on chief executive who is less interested in ideology than in making things work. He loves new technology — he’s an avid tweeter — and is very good at breaking sprawling, ambitious projects into manageable chunks. Rwanda jumped to 52nd last year, from 158th in 2005, on the World Bank’s Ease of Doing Business annual rating, precisely because Kagame set up a special unit within his government, which broke down the World Bank’s ratings system, category by category, and figured out exactly what was needed to improve on each criterion.
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N.S.A. Said to Have Spied on Leaders of Brazil and Mexico - NYTimes.com - 0 views

www.nytimes.com/...ap-lt-brazil-nsa-leaders.html nsa brazil mexico spying latin america foreign policy
shared by Javier E on 02 Sep 13 - No Cached
  • a document dated June 2012 shows that Mexican President Enrique Pena Nieto's emails were being read. The document's date is a month before Pena Nieto was elected. The document on which Greenwald based the report includes communications from Pena Nieto indicating who he would like to name to some government posts among other information.
  • As for Brazil's leader, the June 2012 document "doesn't include any of Dilma's specific intercepted messages, the way it does for Nieto," Greenwald told The Associated Press in an email. "But it is clear in several ways that her communications were intercepted, including the use of DNI Presenter, which is a program used by NSA to open and read emails and online chats."
  • In July, Greenwald co-wrote articles in O Globo that said documents leaked by Snowden indicate Brazil was the largest target in Latin America for the NSA program, which collected data on billions of emails and calls flowing through Brazil.
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Insight-Batista's Brazilian Empire Was Sunk by More Than Hubris - NYTimes.com - 0 views

www.nytimes.com/...l-batista-history-insight.html brazil rich oil crisis economic
shared by Javier E on 30 Aug 13 - No Cached
  • 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.
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  • His empire also fell victim to the sudden end of both the global commodities boom and a wild exuberance for emerging markets - two forces that attracted investors to Batista's vision.
  • A former Brazilian finance minister, a former energy minister and a former chief justice of Brazil's supreme court joined the OGX board, bolstering the credibility of the polyglot, European-educated "Brazilianaire".
  • When Batista raised $4.11 billion in OGX's initial public offering in June 2008, interest in Brazil was feverish. Petrobras had just made giant offshore oil discoveries and Brazil was expected to become one of the world's top five oil producers by 2020.
  • Record demand from China drove up the price of Brazilian soybeans, iron ore, coffee, sugar and other commodities. Oil rose to an all-time high. EBX had also just sold most of its first listed company, iron ore producer MMX Mineração e Metálicos SA, to Anglo American Plc for $6.65 billion, enriching Batista and his investors.
  • A lot of the people who invested with Batista were not fools, and his rise and fall has followed that of Brazil.
  • DeGolyer & MacNaughton (D&G), a Dallas-based certification company, estimated OGX's potential resources at 10.8 billion barrels of oil and natural gas equivalent. That would have been enough - if OGX could figure out how to get it out of the ground - to supply all U.S. oil needs for more than a year and a half.
  • OGX estimated it would produce 1.4 million barrels a day by 2019, equivalent to 70 percent of Brazil's output, or about half of the output of Venezuela, a founding member of OPEC.
  • Already Brazil's richest man, Batista bragged he would surpass Bill Gates, Warren Buffett and Mexico's Carlos Slim to become the world's wealthiest person. Today he does not even make Forbes' top 100 list.
  • The consequences of Tubarão Azul's failure quickly spread because of the close links between EBX Group companies. EBX shipbuilder OSX Brazil SA was formed to build and lease a fleet of offshore oil vessels for OGX. Power producer MPX Energia SA is developing gas fields with OGX in Brazil's northeast. Port operator LLX Logística SA is home to OSX's shipyard, a place to store and process OGX oil and to ship Anglo American's iron ore.
  • Batista may also have been hurt by Brazil's efforts to help his and other companies weather the 2008 U.S. financial crisis and the world economic slowdown that followed. As Brazilian stocks, currency and bonds plunged, EBX stocks briefly fell to levels that were only broken this year.
  • EBX was one of the main beneficiaries of cheap capital that Brazil's government pumped into the economy to fight the downturn.
  • In Batista, the government was pursuing its then-fashionable strategy of creating "national champions" while making up for delays in its own infrastructure projects. It encouraged Batista to speed up just as Brazil's boom was about to end.
  • Batista and Brazil, though, have struggled since. As China slows, commodity prices are falling. In the last year Brazil's Bovespa stock index was the worst performer among the world's 28 largest indexes and the only one to fall in the period.
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Health Battle Over Soda Flares in Mexico - WSJ.com - 0 views

online.wsj.com/...3407104579037320321621280.html health mexico soda
shared by Javier E on 29 Aug 13 - No Cached
  • Seven out of 10 Mexican adults over the age of 20 are either overweight or obese, according to the country's latest national health survey. An estimated 10 million Mexicans have diabetes, or roughly 9% of the population, the highest proportion in any country with more than 100 million inhabitants.
  • Mexico is second only to the U.S. in per capita soda intake
  • Soda is a household staple in Mexico, with some families drinking it at every meal. Diabetes is now Mexico's second-biggest killer after heart disease, having sprinted from ninth place in 1980.
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  • Last year, Latin America, anchored by Mexico, where Coca-Cola's biggest independent bottler is based, was Coke's second-most-profitable region, after Europe.
  • "In the Mexican countryside, if you go to somebody's house and they don't have Coke to offer, they apologize. Coca-Cola symbolizes prestige,"
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For Cuba, a Harsh Self-Assessment - NYTimes.com - 0 views

www.nytimes.com/...ment-as-cuba-looks-within.html cultural values Cuba civility
shared by Javier E on 24 Jul 13 - No Cached
  • President Raúl Castro unleashed his fiercest and lengthiest public lecture to date on the demise of Cuban culture and conduct. In a speech to the National Assembly, Mr. Castro said that Cubans’ behavior — from urinating in the street and raising pigs in cities to taking bribes — had led him to conclude that, despite five decades of universal education, the island had “regressed in culture and civility.”
  • Cubans build houses without permits, catch endangered fish, cut down trees, gamble, accept bribes and favors, hoard goods and sell them at inflated prices, and harass tourists, Mr. Castro said.
  • And that is just the start: Islanders yell in the street, curse indiscriminately, disturb their neighbors’ sleep with loud music, drink alcohol in public, vandalize telephones, dodge bus fares and throw stones at passing trains, the president lamented. “They ignore the most basic standards of gentility and respect,” Mr. Castro continued. “All this is going on under our noses, without provoking any objection or challenge from other citizens.”
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  • “He should have taken responsibility,” said Alexi, who asked that his full name not be used because he was discussing the Cuban leadership. Cubans’ morals had been broken, he said, by the “special period” of severe economic hardship that followed the collapse of the Soviet Union, when many people resorted to stealing, scams and, in some cases, prostitution to get by
  • growing up in an environment where cheating and duplicity were a way of living had bred cynicism. “This cynicism feeds into people’s lack of engagement,” she said. “Individual responsibility toward the collective is very low.”
  • Still, Havana has avoided the rampant crime and drug violence that plague many Latin American — and American — cities. And in spite of complaints about deteriorating manners, many Cubans maintain a sense of community and remain close to family, sharing food or helping out friends and neighbors.
  • Standing shirtless outside his small house, Alexi pointed to his 24-year-old son, fixing a hubcap on the sidewalk. “How could I raise him with the same morals, when just to put rice, beans and pork on the table requires all kinds of illegalities?” he said. “I had to teach him the values of survival.”
  • Cubans complain that sliding professional standards, inexperienced teachers who are barely older than their students and a lack of public facilities have helped corrode people’s civic-mindedness.
  • Mr. Castro proposed a combination of education, promotion of culture and enforcement to restore the country’s civility. He called on workers’ unions, the authorities, teachers, intellectuals and artists, among others, to hold other Cubans to standards of behavior.
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