The Economic and Environmental Implications of China’s Involvement in Latin America
September 12, 2018
Economy and Development
Maduro’s New 'Solution' to Hyperinflation in Venezuela
August 29, 2018
Venezuela is currently fighting one of the worst cases of hyperinflation since the early 1900s and the International Monetary Fund predicts that the situation will only get worse. Due to a combination of poor social policies, a failing national oil industry, and a President who seeks to weaken government institutions and allow political corruption, the Venezuelan bolivar has suffered significantly. The IMF originally projected the bolivar’s annual inflation rate would hit thirteen thousand percent by the end of the year, but has since revised that estimation to one million percent.
The Production of Quinoa in Peru and Bolivia
August 28, 2018
Even before the health studies were released about the incredible benefits of quinoa, Bolivia and Peru found themselves as the main producers and consumers of this crop. However, more recently studies have been released portraying quinoa to be the ultimate superfood.
Slashing Zeros in Venezuela: The New Currency Among Crisis
August 27, 2018
The Maduro government has staged a plan to help curb the staggering inflation crisis in the country--- by creating a new currency. The idea of implementing a new currency in Venezuela is not new, as the government had tried multiple times to restore some value in their worthless monetary system. The bad news is the country has a terrible track record with financial decisions dating back to when the value of oil took a nosedive and sent the country spiraling into crisis. Their first mistake was backing 98% of their economy in oil.
Modern Infrastructure vs Rural Hardships in Peru
August 14, 2018
Usually developing small-scale infrastructure in rural areas is seen in a positive light, especially when these rural areas are located deep within the Amazon forest in the borders of Peru. That is the mentality that local people in these communities had, and supported the idea of the government building a road to connect to them to the bigger towns nearby. However, although positive changes have been made, there are still negative consequences within the modernization of communities who have remained remote for decades.
Chinese Infrastructure in Latin America: A New Frontier
August 13, 2018
Over the past decade, China has become a leading lender and builder of infrastructure projects in the developing world.
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