On Tuesday, December 6, news broke that the government of Panama had awarded a $1.4 billion contract to a Chinese consortium to initiate a new infrastructure project on the Panama Canal. The new contract will allow the Chinese consortium to begin construction of a massive bridge over the Panama Canal connecting Panama City to its western suburbs. This deal comes directly after Chinese president Xi Jinping paid a visit to Panama—the first Chinese leader ever to do so—during a 4-part tour to Spain, Argentina, Panama and Portugal. President Xi’s tour overlapped with the occurrence of this year’s G20 Summit in Buenos Aires.
On Sunday, October 22, 2017, President Mauricio Macri’s ‘Cambiemos’ (‘Let’s Change’) coalition declared victory in Argentina’s legislative midterm elections over its main opposition, former President Cristina Fernandez de Kirchner’s ‘Unidad Ciudadana’ (‘Citizen Unity’) coalition.
The International Labor Organization (ILO) has recently released a Technical Report in which Enrique Dussel Peters and Ariel Armony explore the effects that the increasing density of linkages with China is having on the quantity and quality of jobs in Latin American and Caribbean countries (LAC).
As one of the nation's most prestigious academic institutions, Harvard University carefully invests its endowment in order to maintain its funds. One of the university’s most lucrative investments has been in natural resources, particularly timber companies in Argentina.
Falling commodity prices and deteriorating economies recently handed victories to opposition parties on the Center-Right in Argentina and Venezuela. Many citizens of these countries and others in the region hope that electing Center-Right, pro-business governments will bring economic stability and investment back to countries that have long experienced net investment outflows under Left-leaning governments.
Following the promise of President Mauricio Macri to re-open the economy to international financial markets after taking power, Argentina exited currency restrictions, devalued its currency, and freed imports and exports.