In 2016, the flow of remittances to Latin America and the Caribbean surpassed US $70 billion. In the 20 countries for which there is data available, the flow reached US$69 billion. This increase demonstrates continued growth since the post-recession period. In this article, we find a range of factors shaping this growth,
The White House on Jan. 12 ended the so-called “Wet Foot, Dry Foot” policy, which for two decades had automatically allowed Cubans who reach dry land in the United States to stay. Then-U.S. President Barack Obama’s administration announced the end of the policy, which Cuba’s government had long opposed, just eight days before Obama left office. How will the change affect Cuban migration patterns throughout the region?
The pendulum of Latin American politics is swinging rightward once again. Yet as the “pink tide” recedes, the forces of change have more to do with socioeconomics than ideology. Dramatic economic and political crises have coincided in countries like Brazil and Venezuela. Still, the final result for Latin America may be the emergence of centrist, pragmatic modes of governance, and with them, opportunities for the U.S. to improve relations. The new administration must look beyond the neoliberal model of the 1990s, and develop an approach to relations fit for the 21st century.