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  • Brazil

    Chile: Socialists Fire First Salvo at Pacific Alliance

    In office only a week, the new foreign minister of Chile, Heraldo Muñoz, is already signaling the intention of the government of Socialist president Michelle Batchelet to weaken the pro-free-market Pacific Alliance in favor of its more statist competitor, Mercosur. A move like this would seem to confirm rumors of … More

    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More

    Brazil’s Internet: A Showdown of Ends and Means

    Brazil’s President Dilma Rousseff wants to free Brazil’s Internet access from U.S. domination. Rousseff and the Brazilian government seek to accomplish this “cyber sovereignty” by strong-arming U.S. companies into establishing local data centers, laying a new fiber-optic link from Brazil through South Africa to Asia, and partnering with Russia on … More

    U.S.-Brazil Relations: Where Do We Go from Here?

    In an unusual move, Dilma Rousseff, president of Brazil, canceled a state visit to the U.S., citing her discontent with the Obama Administration’s response in the wake of National Security Agency (NSA) spying allegations. This embarrassing snub should force the White House to redress its foreign policy toward the region. … More

    As Commodities Prices Fall, Economic Freedom Should Rise

    New reports are hinting that an end to the decade-long run-up of the prices of commodities prices is here. For years, emerging markets such as China rapidly sucked up natural resources to fuel their hasty economic expansions, inflating the cost of commodities such as coal, iron, and oil. Meanwhile, resource-endowed … More

    Brazil Turns Away from Capital Controls

    Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into … More

    Declining Economic Freedom and Growing Statism: The BRICs Are Hitting the Wall

    Economist Nouriel Roubini warned late last month at the World Economic Forum that economic growth in the so-called BRIC countries (Brazil, Russia, India, and China) is at risk: Their past successes were “hyped up,” and the futures of the BRICs are at risk due to rising statism. This rising risk … More

    Dictator Castro Now In Charge of Latin American Pro-Democracy Group

    In Santiago, Chile, on January 28, the new regional body, the Community of Latin American and Caribbean States (CELAC), passed its rotating presidency to Cuba’s dictator General Raul Castro. CELAC, according to prime backer Hugo Chavez of Venezuela, is part of a historic project to build a Latin American/Caribbean union … More

    Brazil’s Corruption Holds Back Economic Freedom

    Fresh charges of corruption are shaking up the Workers Party of Brazilian President Dilma Rousseff, as The Wall Street Journal reported last week. Reforms are long overdue. The most recent “Rosegate” scandal stems from official charges brought by the Federal Police (Brazil’s version of the FBI) after an investigation of … More

    Time to Boost Free Trade Closer to Home

    America’s free trade agreements in Latin America are a major opportunity. But even though the new U.S.–Panama free trade agreement went into effect on October 31, potentially creating up to 7,000 new jobs, the United States still seems to forget about our friendly neighbors close to home. Talk of pivoting … More