Latin America
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A Flash in the Pan Fizzles Out: The Downfall of a Brazilian Tycoon
Playing the markets and getting at the mega-bucks with financial wizardry does not a businessman make: Brazil’s flamboyant Eike Batista – erstwhile owner of the world’s seventh largest fortune – has fallen off his perch in the most spectacular of
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Christopher Colford, World Bank: Competitive Cities Can Meet the Challenge of Job Creation
Focusing policies on competitive industries can provide jobs for the impoverished, hungry, restive urban millions As magnets for talent and crucibles of creativity, dynamic cities are the pacesetters for innovation in this era of relentless global competition. Vibrant metropolitan regions
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The Limitless Power of Latin America: Renewables to Light Up a Continent
In Latin America, renewable energy can supply up to 22 times the region’s power needs, even taking into consideration future growth. Wind, solar, geothermal, biomass and ocean energy sources can generate up to 80 pWh (petaWatt-hour*) of electricity while by
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IFC – International Finance Corporation: Eliminating Poverty, One Loan at a Time
The famed Peruvian economist Hernando de Soto has said it all along: The world’s destitute are oftentimes somewhat less poor than they think. It’s just that untold millions are toiling away in the informal economy and as such remain under
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Ernst & Young, Argentina: Trusts, Tax Evasion and Money Laundering
By Horacio López Tax division partner at Ernst & Young Argentina On June 30, 2013, it will be a year since General Resolution No. 3312 became effective, and in July it will expire once again, this time for 2012. This
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Corruption as the Scourge of Development: The Case of Venezuela
Corruption is the scourge of development. From outright stealing and cooking the books to kickbacks and price-fixing; corruption permeates some societies, stifles their growth and denies untold millions a measure of prosperity. A case in point is Venezuela where billions
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Otaviano Canuto, World Bank Group: China, Brazil – Two Tales of a Growth Slowdown
China and Brazil are both facing a growth slowdown, as compared to the period prior to the global financial crisis. They were both able to respond with aggressive anti-cyclical policies to the post-Lehman quasi-collapse of the global economy. In both
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Female Head of Petrobras is the ‘Inside Outsider’
As the first female CEO of a major global oil company appointed by Brazil’s first female president, there has been much interest in Maria das Graças Silva Foster. But her acquired role at Petrobras should have come as no surprise.
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Revenue Watch: 4 out of 5 Companies Fail in Good Governance
The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and Brazil to lowranking countries like Qatar, Turkmenistan and Myanmar, the
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Otaviano Canuto, World Bank Group: Fiscal Policy Redux
As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy choice was available to many developing economies that entered the
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