By Peter Hakim and Sergio Muñoz Bata
Latin Americans still like and admire President Obama, yet they no longer expect much from him. He mostly ignored the region in his first term, and never mentioned it during his re-election campaign. Sure, immigration reform is on his agenda, but only because both Republicans and Democrats are now intimidated by Latino political clout. It may be that Latin America requires only sporadic attention – like when an earthquake devastates Haiti, or a political crisis undoes Honduras or Paraguay, or an economy collapses somewhere.
But at least two of the region’s 33 countries demand a more strategic approach. Continue reading »
China’s exports of machinery and transport equipment will increase more than threefold in the ten years to 2020, as emerging economies in the Asia Pacific shift to producing higher value-added goods. The region’s other big exporters will also see big gains, including South Korea, Thailand and Indonesia. Continue reading »
The African Union summit last month sounded the rallying call for intra-African trade as the key driver for economic growth on the continent, and called for the creation of a free-trade area. Now this week the World Bank has released a report on exactly that subject.
The stakes are high: the World Bank forecasts that economic slowdown in the eurozone could shave Africa’s growth by up to 1.3 percentage points this year. Africa is “losing out on billions of dollars in potential trade earnings every year”. So what’s the verdict? Can Africa make a free-trade area happen? Continue reading »