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Economic Reviews:
Country Profiles:
Colombia New
Leaving a violent past behind, Colombia is slowly emerging as a force to reckon with in Latin America. Under the able leadership of outgoing President Uribe, the country made good economic progress and the economy is expected to grow at the rate of 2.5% this year, helped by the turnaround in demand for its commodity exports.
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Chile New
Chile has weathered the recession and a massive earthquake with characteristic resilience. Now, the country is all set to use its abundant resource base and robust economic recovery as a springboard to take the next leap forward.
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Canada Updated
Although Canada moved from 2009 to 2010 with a GDP contraction of 2.5%, it has performed well compared to other developed nations. With home sales increasing, payrolls rising, and commodity prices soaring, Canada is expected to clock a GDP expansion in 2010 as well as in 2011.
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Mexico Updated
One of the most visited countries in the world, the land of ancient Mayans and Aztecs is dotted with a varied landscape from volcanic peaks to snow capped mountains, tropical rain forests and inviting beaches.
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Argentina Updated
Argentina’s encouraging return to political stability and economic growth was disrupted by the global recession. The economy’s pace of recovery since then has been restricted by inconsistent policy responses, poor fiscal management and lack of access to international capital markets.
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Postcards:
Just like Peru’s varied geography, from arid plains to the snow-capped Andes Mountains, the country’s economic story has become a study in contrasts. Some four decades ago, Peru’s economy, ravaged by civil war and ineptitude, was in shambles. But three decades or so later, it appears that the Inca Sun God of the ancients, has decided to smile on the modern day Inca. Peru’s economic growth in the period between 2002 and 2012 averaged 6.3%, the fastest 10-year average growth in Peru’s recorded history.
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Global Players:
Carlos Ghosn, a Brazilian-born French citizen has a storied past. More than a decade ago, he saved Japanese carmaker Nissan from the brink of bankruptcy. Today, Mr Ghosn, who heads two car companies, French-based Renault and Japan-based Nissan, is betting on electric cars that could leave lighter carbon footprints.
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Emerging Leaders:
As president and head of Brazil’s central bank, an institution without formal independence, Alexandre Tombini and his team have the onerous task of keeping inflation under check while supporting the government bias toward lower interest rates.
South Korea & Taiwan Electronics: Race to the Top
The East Asian nations of South Korea and Taiwan have transformed themselves from being the manufacturing backyards of the U.S. and Japan into high-tech giants in just over a generation. Today they are either market leaders or strong contenders for the top spots in manufacturing consumer electronics products.