Navigating Emerging Markets: Argentina
Bruno Binetti, research fellow at Inter-American Dialogue, discusses the Argentine peso, economy and government as the nation receives a $50 billion credit line from the International Monetary Fund.
Bruno Binetti, research fellow at Inter-American Dialogue, discusses the Argentine peso, economy and government as the nation receives a $50 billion credit line from the International Monetary Fund.
There are reasons to believe that Argentina’s “notebooks scandal” will not be as far-reaching as its Brazilian counterpart.
Once again, Argentina has become synonymous with crisis. The Argentine peso has already lost half of its value against the dollar this year, and the economy is projected to contract by at least 2 percent while inflation reaches 40 percent. Beleaguered President Mauricio Macri is asking the International Monetary Fund for additional assistant, only three months after finalizing a loan agreement. Not surprisingly, Macri’s domestic popularity has suffered, weakening his re-election prospects next year.
Few neighbors have such deep and wide-ranging ties as the United States and Mexico. Both countries are bound not only by geography, but also through economic, security and social connections. Despite these strong connections—or perhaps because of them—the bilateral relationship is subject to strong pressures coming from domestic politics in both countries.
Juan Guaidó’s proclamation that he is interim president of Venezuela, which has won the full support of the United States and other countries, opens a new phase in the long crisis of that Latin American nation. For the first time in years, dictator Nicolás Maduro is on the defensive, and Venezuelans are hopeful that change is possible. But it would be naïve to think this means the end of the chavista regime.
Each subsequent crisis makes it more difficult for the government to reform the economy without provoking a major social disruption. To escape its never-ending cycle of crises, however, the next president will have to do more than reform the economy; he will have to win back the trust of voters who have grown to expect the worst from their leaders.
A new regional body proposed by Colombia and Chile faces difficult prospects.
The volume takes a broad view of recent social, political, and economic developments in Latin America. It contains six essays, focused on salient and cross-cutting themes, that try to construct a thread or narrative about the highly diverse region, highlighting its main idiosyncrasies and analyzing where it might be headed in coming years.
Bruno Binetti, non-resident fellow del Diálogo Interamericano, conversó con TN Internacional sobre los sucesos más recientes de la crisis venezolana y los grupos que disputan el poder en el país latinoamericano.
To what extent did the race in Neuquén reflect national sentiment ahead of the presidential election in October?
Venezuela’s stalemate will not last forever, but an immediate and easy return to democracy is highly unlikely. The quicker the opposition and its international supporters adapt their strategies to this hard reality, the sooner the country can begin to find a way out of this unprecedented crisis.
More than ideology, Fernández’s pragmatism offers clues to how he’d govern.
O volume tem uma visão ampla dos recentes desenvolvimentos sociais, políticos e econômicos na América Latina. Ele contém seis ensaios, focados em temas salientes e transversais, que tentam construir um fio ou uma narrativa sobre a região altamente diversificada, destacando suas principais idiossincrasias e analisando para onde ela deve se encaminhar nos próximos anos.
Lo mejor que pueden hacer los actores políticos y sociales latinoamericanos es concebir una estrategia de inserción internacional en la que sus países sean actores y no simples receptores pasivos de oportunidades y amenazas generadas desde el exterior.
Bruno Binetti habló con Gabriela Frías de CNN Español para analizar el impacto potencial del acuerdo de libre comercio entre Mercosur y la Unión Europea.