Now that peace talks aimed at ending Colombia’s conflict are underway, beyondbrics travelled to the country’s boondocks, to an area where local peasants have been caught in crossfire for over fifty years.
One of the many striking features found in these backwater lands – known for being the cradle of the Farc guerrilla insurgency – is how well Colombian food and beverage companies have been able to distribute their products despite the lack of road infrastructure. Alongside products from Coca-Cola and PepsiCo, one could find an abundance of processed food products from the country’s leading food manufacturer, Grupo Nutresa. Continue reading »
What’s the fastest way to upset Argentina these days? Just mention the C word.
In a guest post on beyondbrics this week, Juan Carlos Echeverry, Colombia’s former finance minister and Luis Fernando Mejía, head of macroeconomic policies at Colombia’s finance ministry, recounted how technical staff “crunched some numbers” and came to the conclusion that Argentina’s status as the region’s third-biggest economy was under threat. Continue reading »
One of the signs of approaching economic troubles is when blue chips start getting battered, which is what makes the travails of Orange Polska, Poland’s leading telephone operator and a unit of France Telecom, particularly worrying.
Growth in Poland’s economy is expected to slow to 2.2 per cent this year and some bears such as Neil Shearing of Capital Economics have pencilled in growth of only 1.5 per cent for next year. Continue reading »
Having survived a decade of national economic meltdown, Zimbabwe’s tourism sector is working at getting back on the world map. On Thursday its premier travel and tourism event Sanganai/Hlanganani kicks off in Harare, with officials reporting an increase in the number of foreign exhibitors from 24 in 2011 to 85 this year.
The big boost is from Chinese exhibitors, reflecting the marketing push to attract vistors from Asia. But will adding Robert Mugabe’s old residence to the tourist trail help? Continue reading »
Deputy emerging markets editor Jonathan Wheatley talks to David Rees of Capital Economics about his prediction of a 15-20 per cent fall in commodity prices in 2013. He says oil-producing countries will be hit much harder than other emerging markets such as Brazil and Chile.
Three legal challenges against Shell for pollution charges in the Niger Delta could set precedents for how multinational companies are sued for environmental damages in developing countries. All three inquiries – in the UK, the Netherlands and the US – are being judged in countries other than the one in which damages are said to have occurred.
Shell’s trial in the Netherlands, for which evidence was submitted last week, is thought to be the first time a Dutch company has been brought before a home court to answer charges of environmental damage caused abroad. Continue reading »
Ah, to be a Gandhi in Delhi. Even if you don’t go into the family business of running the country, you can plough your own furrow and do quite nicely for yourself.
Just ask Robert Vadra, pictured left with his wife Priyanka Gandhi, whose mother is Sonia Gandhi, head of the Congress Party. His personal wealth has multiplied rapidly in a few short years. But now his good fortune is at risk of getting caught up in property scandal. Continue reading »
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