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In Chile, Indigenous Groups Push Back developments slowing growth

Negotiations with Indigenous Groups as well as mounting environmental awareness by the general public have slowed or blocked more than $20 billion US in power stations, gold and copper mines, and transmission lines, according to company statements and a study by Matias Abogabir, head of indigenous affairs during former President…

Economic Snapshot of Latin America

(This article was written by Focus Economics and was published on December 9, 2014) Economic Snapshot of Latin America More complete data showed that growth in most Latin American economies bottomed out in the second quarter and that it is picking up slowly in the second half of the year. In the third quarter, the regional GDP estimate (excluding Venezuela which…

Income gap shrinks in Chile, for better or worse

(This article was written by Eduardo Porter and was published in The New York Times on December 2, 2014) Chile is a stellar performer by almost any standard. Income per person has grown fourfold over the last quarter-century. Today,many Chileans, rightly, see their nation as within shouting range of the advanced industrial world. Yet for all its economic…

The US has moved to stop punishing Cuba after 50 yrs of harassment

US President Barack Obama announced the re-establishment of diplomatic relations as well as an easing in economic and travel restrictions on Cuba, declaring an end to America’s “outdated approach” to the communist island in a historic shift that aims to bring an end to a half-century of Cold War enmity. “Isolation…

Brazil – Still a new rising Global Power ?

Brazil – Still a new rising Global Power ? Brazil is a regional pole of power in the Western Hemisphere, and a nation of growing stature, visibility, and influence in global affairs. In South America, it has displaced the U.S. as the dominant presence on many issues. Aside from China and India, with their mega-populations and rapid economic growth over…

Argentina outspends the rest of Latin America in education

Argentina outspends the rest of Latin America in education Argentina is one of the biggest investors in education throughout Latin America, according to an Organization for Economic Cooperation and Development study, which noted that Argentina allocated 6.3 percent of its GDP to education in 2012, compared to the five-percent average for…