During his recent visit to Buenos Aires, President Barack Obama enthusiastically embraced Argentina’s new president, Mauricio Macri, who took office last December promising to overhaul the country’s economy, politics and foreign policy, including its endemic anti-Americanism. Obama appeared eager to endorse Macri’s new approach, and while thousands protested the visit, Obama made a statement that expressed surprisingly lofty ambitions for the new administration in Buenos Aires. “Argentina,” Obama declared, “is re-assuming its traditional leadership role in the region and around the world.” The notion of Argentina becoming a regional leader will strike some as awkward. Latin Americans frequently decry what [...]
Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Earlier this month, Colombian President Juan Manuel Santos announced he was cutting the national budget by 3 percent due to falling oil prices. In an email interview, Christian Gómez, an international development professional, discussed the impact of falling commodities prices on Colombia’s economy. WPR: How has the relative significance of oil and commodities exports to Colombia’s economy evolved in the recent past, and what effect have falling commodities prices had on the economy and public spending and [...]
Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. In late January, Liberian President Ellen Johnson Sirleaf announced that the government would cut budgetary spending by 11 percent, due to a drop in mining revenues caused by the collapse of global commodities prices. In an email interview, Gonne Beekman, a postdoctoral researcher at Wageningen UR, discusses the impact of the commodities bust on Liberia. WPR: How important are commodities for Liberia’s economy, and what effect have falling commodities prices had on public spending and, by consequence, [...]
