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Latin America, not South-East Asia, will be the world’s economic powerhouse

Latin America, not South-East Asia, will be the world’s economic powerhouse (The following article was written by Rafael Salazar and was published in The Huffington Post on 3 February, 2016) In today’s post-recession, cost-competitive environment, Asian countries like India and China have positioned themselves as the natural heirs to U.S. economic dominance. However, as Americans and Europeans look east, fretting about China’s economic outlook amidst rising debt, stagnating wages, and excess supply…

South America Free Markets  – Pacific Ocean Nations Rule Beating the Atlantic ones Why ?

The end of a decade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the Atlantic. Why ? Venezuela, Brazil and Argentina, which make up 98 percent of the combined economies of the Mercosur trade bloc, will grow an average of 0.6 percent this year, according to the International Monetary Fund’s latest World Economic Outlook. Chile, Peru, Colombia and Mexico, which formed the Pacific Alliance…