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Privatization and exploitation of Latin America’s natural resources by foreigners certainly hasn’t been the mana that was promised. Latin Americans are much poorer for these short-sighted policies. Nationalization of the region’s natural resources at least holds the promise of keeping profits in country rather than diverting them to multinational corps. Whether these profits are used in a socially responsible manner by the region’s governments is the real question.

The May 1 threat issued by Evo Morales, Bolivia’s president, to kick oil and gas majors out of his impoverished Andean country, was as surprising as it was expected. The […]

I disagree. Even though it is true that nationalizing private sector cash generators like mines, oil and services may increase the cash available for the government, it is also true that the additional money increases the Spending budget of the government, and not the investment budget. More spending is only a short term benefit, but it creates uncertainty and fear in the financial markets, scaryin away foreing investment required for the creation of sustaniable long term jobs for people in latin america.
It is not trhough government spending that we may improve our way of life, it is through hard work and a stable economy which in turn allows us to finance growth and well being for the people.

The seizure of foreign assets in Bolivia (and noe Ecuador) is a grave mistake. It seems to be mostly ideologically motivated. although there are clear short term financial benefits for the country, the reality will hit them hard in the future with foreign investors leaving the country.

  QuitoQuito is split between the Old Town, a colonial district full of buildings with incredibly detailed and well-preserved hand-carved facades, and the New Town, where most business takes place […]

  Mexico City This congested city of 20 million extends as far as the eye can see, but thankfully much of the business activity is concentrated in central colonias (neighborhoods) […]

Panama CityAs an international crossroads for more than a century, Panama City has an easy cosmopolitan feel complete with skyscrapers and a thriving business district. The town also has a […]