In the fourth episode of two gringos with questions, your hosts Chris and Ken talk to Francisco Rodriguez, Managing Director and Chief Economist of Torino Economics on Latin America’s 2019 economic forecast, Venezuela’s economic situation, and the case for not boycotting Venezuelan elections.
Mercosur must modernize to adapt to a new international geopolitical reality, but there’s no clear path forward. If it can’t reform, Mercosur risks joining the long list of failed dreams of regional integration.
The reports examine five specific areas—transnational security challenges, institutional capacity, economic growth, demographics, and technology—and how they will shape politics, economic and U.S. relations in South America by 2030.
While the nature of the trade relationship between Latin America and India is similar to the Sino-Latin America relationship in its reliance on raw materials, hype over India as a potential alternative to China for the region is largely unfounded.
UNASUR’s failure goes beyond political fortunes. The rhetoric of integration fell flat in the face of reticent national bureaucracies unwilling or unable to give up sovereignty and protectionist policies.