Chile the economic powerhouse of Latin America
A Rising Star By Mike Konrad Chile is now seen as the economic powerhouse of Latin America. When I first started to seriously study South America ‐‐ from a mix of curiosity and an attempt to relearn the high school Spanish that I had forgotten lo those many decades ago ‐‐ I fixed on Argentina as the one South American country with the greatest historical potential. On paper, Argentina should be world power. In reality, it is turning out to be Chile. Chile is remembered…
FACTA Regulations- Why Americans are giving up there Citizenship
FACTA – Why Americans living in South America are giving up there Citizenship in Droves By Martha Myron With the announcement last week from one of our major local banks, HSBC Private Bank Bermuda that they would no longer support accounts owned by US citizens, Bermuda residents with dual citizenship with the United States, and green card holders living in Bermuda, the concerns elucidated in many of my earlier columns regarding US tax compliance have come to pass. Fortunately, Butterfield Bank Private…
Powerful Reasons to Invest in Agro Pools in Argentina, Paraguay and Uruguay
Agro pools provide investors with the possibility to participate in a diversified pool of agricultural production. There are several reasons, both regarding macroeconomic variables and in respect to the particular of these vehicles which make them a compelling alternative for returns and diversification in the long term. World population is increasing, and emerging economic powers like China and India are changing their eating habits, demanding better quality and bigger quantities of food. Global food demand…
Agriculture industry’s economic prospects have been turned upside down.
The grain industry, which was a beneficiary of the great commodity super cycle, may be slipping into an extended period of moderation in prices, due in part to slowing global economies like China and Europe. The economies of emerging nations, such as Argentina Brazil, Russia, India, China, and Uruguay – along with South Korea, Indonesia, Mexico, and Turkey – are slowing. While the weighted average gross domestic product (GDP) growth rate of these nations in the first decade of the century was in the high…
Uruguay farm sellers buy in Paraguay hoping to repeat their earlier success
Uruguay farm sellers buy in Paraguay hoping to repeat their earlier success Paraguay has become the main destination for Uruguayan investments abroad as they continue to invest very strongly, not only in the Chaco region, where they bought two million hectares, but are investing Itapua or even Missions provinces as well. They are planting rice, soy and in some cases rearing livestock with those two million hectares. With this investment a process of modernization of the Paraguayan countryside is happening as…
Uruguay looks to build a Powdered Milk Plant to Supply Cuba replacing New Zealand supplier
Uruguay looks to build a Powdered Milk Plant to Supply Cuba replacing New Zealand supplier Uruguayan President Tabare Vazquez and Cuban counterpart Raul Castro agreed to consider the installation in the South American country of a plant to produce powdered milk for export to the Caribbean island, Uruguay’s vice president, Raul Sendic, said Tuesday. The leaders met Monday in Montevideo along with Cabinet ministers from both governments and agreed on “the need and the importance” of strengthening bilateral…
Is it the governments job to grow the economy ?
With Elections due in Argentina, it might be a good time to look at the benefits of Big Government Parties. It may seem counterintuitive, but the researchers don’t actually think it’s the government’s job to grow the economy. Yet when many people think about economic growth, they conjure up an image of economists pulling policy levers to force it on people. Au contraire. Most economists, and pro-market liberals in particular, do not think along these lines at all. The government’s job is not to teach…
FATCA – America’s tax rort is exposed
The FATCA or the Foreign Account Tax Compliance Act. This is one-sided law which forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar – the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding came into effect…
China is Latin America’s leading banker: 22 billion dollars in 2014
China is Latin America’s leading banker: 22bn dollars in 2014 Loans by China’s state-owned banks to Latin American countries rose by 71% to 22bn dollars in 2014, according to estimates published by the China-Latin America Finance Database. The figure is the second largest on record for Chinese lending in Latin America, according to the report. The Chinese loans exceed the combined worth of those by the World Bank and the Inter-American Development Bank, the authors say. Brazil alone received 8.6bn,…
A country profile of Bolivia
Bolivia is a country of statistical extremes, landlocked Bolivia is the highest and most isolated country in South America. It has the largest proportion of indigenous people, who make up around two-thirds of the population. Though rich in mineral and energy resources, Bolivia is one of South America’s poorest countries. Wealthy urban elites, who are mostly of Spanish ancestry, have traditionally dominated political and economic life, whereas most Bolivians are low-income subsistence farmers, miners,…
The Power of Key Words in Advertising
The Power of Key Words in Advertising Words in Advertising: If you ever have any doubts why the keywords are so important in advertising and marketing you should view this video. Anyone wanting to convey a message needs to think carefully about the words whether it is collecting money on the street or selling the most expensive property. It is the same mental thought process. The Gateway Team – When you are Serious about Property www.gatewaytosouthamerica.com About Gateway to South AmericaGateway…
AGRIBUSINESS REPORT: Latin America from a New Zealand prospective
AGRIBUSINESS REPORT “While some of the industries may be 20 years behind Western Countries, they’re not going to take 20 years to catch up,” said Matt Macfie, of Gallagher based in New Zealand. This epitomises the approach of the increasing number of New Zealand agricultural businesses with involvement in Latin America, many of whom deliver value propositions to the South American agricultural industry which aim to lift performance and productivity to parallel New Zealand farming standards.…
Latin American Economic Outlook for 2015
Latin American Economic Outlook for 2015 The Latin American Economic Outlook is the OECD Development Centre’s annual analysis of economic developments in Latin America. This edition’s focus is on the role of education, skills and innovation and published on www.latameconomy.org, a very resourceful site for information on Latin America You can consult the country notes for a quick overview of recent trends and policy changes in education of 10 Latin American countries. You can also read the entire…
Are disruptive technologies like Airbnb and Uber creating another new black economy?
Are disruptive technologies like Airbnb and Uber creating another new black economy? It is called the “shared economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments around the world, it has proved to be a difficult beat to police. The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play…
Has China has become Latin America’s lender of last resort ?
Has China has become Latin America’s lender of last resort ? As soon as Argentine President Cristina Fernandez de Kirchner landed in Beijing this week she began lauding new deals with what she called the world’s “No. 1 economy,” ranging from two proposed nuclear power plants to joint space exploration. With her country’s economy contracting and its supply of dollars dwindling, Fernandez arrived Monday looking for help from China, which has already lent Argentina $14 billion since…
