Paraguay’s soy boom: a blessing or a curse?
Paraguay’s is not often highlighted for its economic achievements. Yet after 20 years of stagnation at the end of the 20th century, the landlocked country has enjoyed almost a decade of economic growth, still one of the fastest in Latin America. Driving this impressive expansion is a thriving agricultural sector, and its principal product: soybean. Taking advantage of recent rises international prices, spurred by demand from China and the purchase from EU countries to produce biodiesel, Paraguay is now…