Economy and Development

Understanding Chile: A Complex Road to Stability

February 18, 2019

Today’s headlines surrounding Latin America illustrate a continent full of raging protests in Nicaragua, political oppression in Venezuela, and economic crisis’s in countries like Brazil and Argentina. Yet, there lies one country with significant stability compared to its Latin American brethren. Chile, although it encompasses a similar history to its neighbors, including economic instability, socialism, and military dictatorships—persists as a Latin American success story.

The Message of the Petro: Venezuela’s Crypto-currency Effort

November 15, 2018

Venezuela’s prolonged economic crisis has not slowed down. The International Monetary Fund projects an 1,000,000% inflation rate by the end of 2018 (Ellsworth). The country’s paper currency, the bolívar, has become nearly worthless while the government scrambles to implement different monetary reforms to ease inflation and reboot the economy. Despite the government’s attempts, Venezuelans have taken matters into their own hands, turning to the black market, exchanging goods and services, or using the U.S. dollar for functionality.

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