Governments in emerging markets should be forgiven if they are dealing with a case of crisis fatigue. For 10 years now, they have lurched from one financial mess to another, triggered largely by external events and decisions outside of their control. Things are once again getting messy as global investors have soured on Argentina, Turkey and Indonesia, among other emerging market economies, causing their currencies to crash. As troubles have developed in one country after another late this summer, some observers have been careful to point out that the causes of the individual economic crises are very different. Don’t jump [...]
The Americas
The exodus of refugees and migrants fleeing Venezuela—a crisis that has largely been undercovered—appears to be reaching a breaking point, as leaders across Latin America scramble to deal with the growing number of Venezuelans arriving at their borders each day. Representatives of 13 Latin American nations met in Quito, Ecuador, last week for a summit to address the problem head-on, while setting in place some regional strategies for helping the estimated 2.3 million people—7 percent of Venezuela’s population—who, according to the United Nations, have already fled President Nicolas Maduro’s dictatorship. Other estimates put the figure at 4 million. Since taking [...]
MEDELLIN, Colombia—China has quickly established an extensive track record of using infrastructure spending, on everything from stadiums to ports, to secure resources and bolster trade across Eurasia, Africa and Latin America. Security and space industry analysts now say 2018 has already been a banner year for another part of China’s soft power outreach, as it has sold satellites and support systems to Nigeria, Cambodia and Pakistan. China’s space ambitions are closely tied to its Belt and Road Initiative. By the end of the year, it is expected that a basic system of 18 Chinese BeiDou-3 global positioning satellites will serve [...]