Peru has made considerable progress addressing its severe infrastructure deficit by privatizing telecom, power, and transportation systems. But dreams of becoming a high-tech distribution hub for the Americas remain a fantasy.
Category: Regions
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Bailing Out the Banks
The government is cleaning up the banking system, but Jamaicans are still paying a heavy price for botched financial liberalization in the 1990s.
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The Battle for Efficiency
The mining industry was Peru’s most dynamic sector through years of recession and weak growth. But metals prices are struggling to recover, so companies are cutting costs, raising production and increasing reserves.
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Sun, Sand, Sea and Software
Jamaica wants to become the silicon island of the Caribbean. Tourism has spawned a vibrant services industry and the country hopes today’s call center employees will be tomorrow’s programmers.
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The Island of Renewal
Jamaica is shaking off years of recession and the effects of a severe banking crisis. But the country still must deal with a debt mountain and a difficult business climate.
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Getting Guatemalan Banks Up to Global Speed
After more than 50 years operating under antiquated banking rules, Guatemala is in the process establishing capital adequacy guidelines, regulating offshore operations and setting up bank guarantee funds.
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Shaking Off Instability
Guatemala’s new government has stabilized the economy but the country desperately needs a boost to fully recover from years of civil war and natural disasters.
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Cemex’s Stratospheric Rise
In the last decade, the Mexico-based cement company has transformed itself into a world-class company. The problem is, Cemex may eventually outgrow its home market.
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Codified Rules, Not Case Law
While based on similar constitutional principles, Mexico’s confined legal framework differs from the US common law system. Foreign investors should understand the basics of the country’s legal system and its enforcement.
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Fox’s Biggest Sell
Part cheerleader, part idealist and all business, Vicente Fox Quesada is convincing Mexico – and the world – that with rationally designed policies, performance targets and a dose of zeal, he can put the country firmly on the road to modernization and growth.