Latin America’s Economies Surge Forward
Image via Wikipedia via NYTimes.com. Latin America, beset in the past by debt defaults, currency devaluations and the need for bailouts from rich countries, is experiencing robust economic growth that is the envy of its northern counterparts. Strong demand in Asia for commodities like iron ore, tin and gold, combined with policies in several Latin [...]
India’s Interest in Latin America/South America must go beyond World Cup: Not just football superpowers, agriculture superpowers as well
Note: an abbreviated version of this article titled “India’s Interest in Latin America must go beyond World Cup” was syndicated by Indo-Asian News Wire Service. A few portals that ran the article include: SIFY, TradeIndia, IndiaNewsPost, ThaIndian, SouthAsiaMail, ProKerala, Gulf Times, Qatar and the Ministry of Overseas Indian Affairs. Over the next few weeks, millions [...]
Brazil’s growing international presence
The BBC recently had an optimistic profile of Brazil’s position on the world stage. The article argues that Brazil has been largely successful at putting its own house in order, and is increasingly seen as a strong force in the international arena as well. Democracy and democratic institutions have been strengthened. At the same time, [...]
Venezuela’s bid to join Mercosur
For those who might be unaware, Mercosur is a regional trade agreement between Brazil, Argentina, Uruguay, and Paraguay. It is somewhat comparable to NAFTA, though there are some significant differences. Recently, Venezuela has been actively trying to join Mercosur, but before it can, all four member countries have to give their approval. So far the [...]
Brazil’s crisis philosophy: Foreign currency reserves trump IMF credit lines
One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international [...]
Brazil’s agricultural output expected to rise
Brazil is an agricultural powerhouse and a world leader in exports of soybeans, sugar, orange juice, and coffee. It is also one of the top producers and exporters of cotton, poultry, and beef. This trend of Brazilian dominance in agriculture seems poised to continue with an expected 8.5% increase in production for grains, legumes, and [...]
Water Wars – Winners and Losers; Latin America a Winner, India a Loser
The agricultural output of India over the next 3 decades could be severely curtailed if water shortages are not addressed. The populist measure of giving Indian farmers free power has resulted in rapid depletion of groundwater supplies for agriculture. I saved Andy Mukherjee’s Bloomberg columns from 2 years go where he wrote about problems created [...]
Jim Rogers Busy Turning Raw Land Into Farmland in Brazil
Recession or no recession there are no holidays or time-offs for eating…As Indians get richer, more of them will eat higher quality food – and about few hundred million will step up from 1/2 to 3 meals a day. Brazil is one of the few places where massive areas of land can be brought under [...]
U.S. offers farm subsidy cut but is asked for more
EcoDiario.es. “My immediate response is it doesn’t pass the ‘laughtest’,” a senior Indian official told Reuters. Brazil said it wanted deeper cuts. “This is only the secondday of the talks here, so we imagine there is room formanoeuvre to reduce them further,” a Brazilian diplomat said. Brazil and India are key to the negotiations because [...]
Brazil boom breeds new generation of millionaires
Image via Wikipedia Reuters. By the time he was 29, Calderaro was worth well over a million reais ($630,000) thanks to big bets on steel, mining and banking stocks just as Brazil’s economy was taking off after decades of lackluster growth. Since then, his fortune has swelled even more, cementing his status as a full-fledged [...]
Subscribe to IndusLatin's RSS feed
