Although it is impossible to know what will happen in the hours and days to follow, it is clear that the rioting and looting over the last 48 hours has severely shaken Nicaraguan politics and economics.
In switching allegiance from Taiwan to PRC, President Varela will likely bring more investment and support for his country. But is it a security risk for the U.S. in the region and its interests in the Canal?
If Central America wants to get out of the middle-income trap it would do well to follow Uruguay’s lead and develop a focused, comprehensive industrial policy that builds on the region’s trade advantages.
In the strongest language so far, a joint statement signed by 14 states (and supported by 4-more Caribbean states) condemns Venezuela under the Inter-Democratic Charter. And it asks other member states to follow up if Venezuela doesn’t comply.