Faced with rising wages in China and high shipping costs, many businesses are finding manufacturing close to home more appealing. But despite its advantages, Mexico has problems.
Latam is expected to show a mix of economic results in 2014, according to a panel of international economists. Panama, Peru, Colombia and Chile are registering the strongest GDP growth, while Brazil, Latin America’s largest economy, is stuck in an economic malaise.
Since the start of the global economic crisis, left-leaning Latin American politicians and pundits have been foretelling the end of economic "neo-liberalism" in their part of the world. But now, we may instead be witnessing the twilight of economic "neo-leftism" in Latin America.
By most accounts, the past few weeks have exposed a drastic maturity gap between the U.S. and Chinese governments. The purported icon of democracy watched its system descend into chaos and petty political gamesmanship, coming within hours of a default that would have sparked global economic disorder.