Brazil's deeper-than-expected economic slowdown is amplifying the deceleration already being experienced by Argentina and Uruguay as a result of the global slowdown, according to a new Fitch Ratings report.
The following piece was published by Dorvers, CattleNnetwork and refers to the agriculture potential of Latinamerica and Mercosur largest economy. The column sources are Daryll E. Ray and Harwood D. Schaffer, Agricultural Policy Analysis Center, University of Tennessee, Knoxville, TN.
The following article was published by Canada’s The Globe and Mail and gives an insight to investors thinking from the north regarding Latinamerica’s two largest economies, Brazil and Mexico.
The law which forces Brazilian federal universities to leave 50% of higher education seats to students from government schools and minorities such as blacks and indigenous became effective on Monday.
Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.
Brazil’s poor infrastructure was again confirmed over the weekend at one of Sao Paulo international airports, Viracopos, when a damaged cargo aircraft blocked activities forcing 450 flight cancellations and overloading the already saturated capacity of other air terminals.
Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
Foreign minister Jose Felix Fernandez Estigarribia confirmed the beginning of negotiations for the re-incorporation of Paraguay to Unasur and Mercosur which will take place through the mediation of a Latinamerican country he did not identify.
A good one and a bad one for Brazil: The New York Times announced on Sunday that it will launch an online edition Portuguese language edition in 2013 given the country’s growing global clout, but on the other hand Brazil’s nine nation constituency at the IMF will lose a member, Colombia that will join Mexico.
President Dilma Rousseff, meeting with her Irish peer Michael D. Higgins said the global crisis has had a greater impact on Argentina than on Brazil, which has a stronger industrial base, and called for a better understanding of President Cristina Fernandez administration.