A nation has the legal monopoly power to create money to achieve special policy goals such as price stability or full employment, but to call it manipulation may not be accurate.
In a sad, predictable exercise China and Russia voted down a UNSC resolution to temporarily halt the bloodletting in Syria. One country from the hemisphere backed the China-Russia position; one did not.
Los tres países que cumplirán la mayor cantidad de años en el Consejo de Derechos Humanos de las Naciones Unidas son dictaduras. ¿Qué explica esta paradoja y cómo se puede revertir?
Con el aumento del proteccionismo y el comercio internacional en descenso, nos encontramos frente a un cambio de época que puede generar un estancamiento generalizado de la economía internacional. ¿Qué se puede hacer para contrarrestar estas tendencias y retomar la senda del libre comercio?
Latin America is experiencing its worst economic growth — projected to be negative this year – since the lost decade of the 1980s. At this crucial time, the United States is turning its back and stepping backward from Latin America while China takes further steps forward in its economic relations with the region.
A quantitative analysis of China’s commercial and diplomatic relations with Latin America indicates that Beijing may be engaged in a more consistent strategy to check U.S. influence than many thought.
In October 2015, Bolivia’s president, Evo Morales, announced an unprecedented expansion of financial support by and economic engagement with China. The announcement was the culmination of a growing relationship between China and Bolivia which has begun to bear fruit.
In just over a decade, China has become a global leader in development finance. China has established a number of bilateral and multilateral funds across the world, in addition to two policy banks. China has also led efforts to establish new multilateral development banks that promise to provide significant financing capabilities into the regime as well.
In 2015 China’s two development banks provided upwards of $29 billion in loans to Latin American governments with the promise of more to come. The problem is the region has no mechanism to constructively engage China to help direct and manage these funds. Here’s an idea.
Personal contacts and questionable contracts between the government and the Chinese company CAMC Engineering reveal both the problems with public procurement in Bolivia and how far Chinese companies have advanced in the country.
