Although Hugo Chavez has been long criticised for the economic problems Venezuela now faces, the excessive social spending has helped cut poverty in half over the last decade. Despite the current issues, the vast majority of Venezuelans today are better off than they were in 1999.
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Indian Foreign Minister Salman Khurshid’s February 5 visit to Chile and Argentina is emblematic of the new era in Indo-Latin America relations. What does this increased engagement mean for India and Chile, two rapidly growing economies of the Global South?
The 11-member Trans-Pacific Partnership (TPP), which spans three continents, has the potential to usher in a new peak for Pacific trade. However, the insistence by negotiators to achieve goals that are primarily of interest to the U.S. is obscuring the original goal of the TPP.
Ambassador Jorge Heine's latest book, La Nueva India, gives a comprehensive overview of India after the economic liberalisation of 1991, and explores how Latin America can learn from India's experiences.
Latin America continues to face criticism due to its never-ending run of regional summits. How has this textured and complex regionalism, that these countries have built, put them in a stronger position to take on the challenges of globalization?
The enigmatic former president of Brazil, Luiz Inácio Lula da Silva (or simply Lula), will visit India to receive the Indira Gandhi Prize for Peace, Disarmament and Development. Though India and Brazil share many commonalities, a belief in inclusive growth amidst huge social challenges is perhaps most significant.
The growing discontent of the emerging economies with the international financial institutions gave birth to the idea of a ‘BRICS Development Bank’. However, with considerable political and economic differences among the member countries, the idea remains elusive.
Most Latin Americans will be able to join the global middle class by 2030.The emergence of a large middle class will bring some positive side-effects including acceleration in economic growth of Latin America.
The armed conflict between the Fuerzas Armadas Revolucionarias de Colombia (FARC) and the Colombian government has hampered the progress of this region for over half a century. The recently launched peace talks between the two factions, however, appear to have potential for a breakthrough.
Though there have been success stories in Brazil from impoverished or underprivileged backgrounds, few or none tend to claim 'victimhood.' Recently, however, responding to the need for balance and equity, Brazil is about to initiate affirmative action, particularly in the field of education.