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Latin America is witnessing an exponential rise in regional integration of business houses. The resource-rich nature of most Latin American economies has led to an inward concentration of investment, which makes it an extremely interesting prospect for Indian investors.
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While the ouster of Paraguay’s president is a setback to the young democracy of the country, it shouldn’t be viewed as a repeat of Latin America’s history of coup d’états. The painful process of democratic maturity will continue, albeit slowly.
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With the post for the head of the International Monetary Fund up for grabs, the emerging market countries are yet to unite and provide a suitable candidate who receives formidable support for his or her candidature. China, however, may boldly question the status quo and step ahead.
Frank Wisner, the legendary US diplomat who was not only President Barack Obama's special envoy to Egypt but also a former ambassador to India, discusses the outlook for Egypt, resolving the mayhem in the Middle East and India-Pakistan relations in a Gateway House exclusive.
