“The problem is not the dollar, it’s the peso” By Manuel Solanet, courtesy of El Tribuno, Libertad y Progreso The Argentine rejection of the national currency has profound causes, but also possible solutions. A currency must meet at least three properties: being a medium of exchange, a unit of measurement, and a […]
Tag: Latin America
Mexican governors have array of policy tools for reopening
“COVID-19: What Are State Governments Doing In the Face of the Crisis?” Courtesy of IMCO Since the start of the emergency, state governments announced actions to help mitigate the negative economic impact of COVID-19, and local authorities are implementing emerging plans to support families, workers and small businesses. These local economic revival […]
Mexico has division of powers for a reason
“Democracy, even if you don’t like it” By Manuel Guadarrama, courtesy of IMCO and El Sol del Mexico Reviewing the constitutional text helps to keep track. Last week, the president declared that he did not like the Court’s ruling, in which the National Institute of Statistics and Geography (Inegi) and the Federal Commission on Economic […]
Why do Argentines save in dollars?
By Libertad y Progreso, courtesy of Ámbito Financiero “Whoever bets on the dollar loses.” This famous phrase was said by former Minister of Economy Lorenzo Sigaut in 1981, to try to convince Argentines to stop saving in dollars. As expected, reality prevailed with an exchange rate escalation. Today the BCRA is […]
Pandemic highlights Latin American innovators – and laggards
By Federico N. Fernández, Somos Innovación The innovation scene in Latin America shows two faces that couldn’t be more different from each other. I think the following three examples help us to explain what I see: Just a year ago, a group of Chilean Senators proposed a bill called “decent digital […]
Government’s plan for reopening Mexico is insufficient
“COVID-19: Economic Reactivation In Latin America” Courtesy of IMCO On April 5, the Mexican government presented an economic revival plan in the face of the challenges posed by the COVID-19 pandemic. This plan is insufficient to protect families’ incomes, jobs and regain economic dynamism. In contrast, other Latin American countries have announced ambitious economic rescue plans that provide […]
Our Cuba policy is outdated and counterproductive
By Bill Hellman, USN/SEAL (Ret) America’s often changing policy on travel to Cuba makes very little sense when you consider our trade and travel rules with other countries who have obvious human rights and political issues contrary to American values and laws. Our current policy went into effect mid- year in 2019 […]
Argentina, from rich country to poor country
By Manuel Llamas, courtesy of Libertad y Progreso In the first third of the 20th century, it was one of the ten wealthiest countries in the world, today it is 63 (IMF, 2017). Why? The answer is socialism. Argentina is one of the countries that has registered a greater economic deterioration during the last century. its transit […]
Mexico prepares for “day without women”
“The strength of women” By Fatima Masse, courtesy of IMCO The brutal deaths of Fatima Cecilia, Ingrid Escamilla, Isabel Cabanillas and Brenda Josselin are just some recent and known cases of the wave of anti-woman violence that Mexico is experiencing. These crimes continue a growing trend of several years, reaching three daily femicides in […]
Brazil can be an economic powerhouse with sensible domestic, trade reforms
“How Brazil Can Become An Economic Powerhouse” By Lorenzo Montanari, ATR, courtesy of Libertad y Progreso In only one year Brazil President Jair Bolsonaro has been able to revert 13 years of socialist policies which were implemented by the previous leftist presidents Lula and Dilma. His accomplishments include passing important free-market reforms such […]