Author: Ernesto

How Latin America Continues To Benefit From Having Tight Bilateral Relations With Spain

How Latin America Continues To Benefit From Having Tight Bilateral Relations With Spain

The Latin American region was mostly colonized by Portugal and Spain. As the two empires of the pre-renaissance era, they managed to capture the continent to themselves. Not shocking, Spanish and Portuguese are the major languages that are spoken on the continent. Having strong ties with former colonial powers is quite important. In the light of this, Latin American nations have sought to cement their relations with both Spain and Portugal. Most notably, Spain and Latin America have developed fond relations with each other.

Over the past few decades, the two have continued to strengthen their relations with each other.

As a matter of fact, the close ties between Spain and Latin America goes back as far as the 19th century following the end of the colonial era. Spain’s foreign policy always puts the bilateral relations between the two as a primal.

But, this is perhaps more beneficial to Latin America than to Spain. Even though this may seem true, it is not. The relations between Spain and Latin America are important to both parties since each of them benefits quite greatly.As Spain continues to enjoy close ties with Latin America, it will benefit in terms of trade and tourism. Spain’s image as an important former colonial power is also greatly improved by these bilateral relations.

Latin America, on the other hand, has continued to benefit greatly from these relations. It is perhaps time to dwell on the various notable benefits that have emerged from the close ties between Latin America and Spain.

Trade

“The Latin American region was mostly colonized by Portugal and Spain.”

In as far as trade is concerned; the two parties have enjoyed huge benefits from their relationship with each other. Five years ago, Spain even managed to gain recognition in the Pacific Alliance. This is an important Latin America Trade bloc which has continued to be instrumental in the global trade affairs involving many iconic figures on the planet.

Financial aid

There is no other country in Europe which beats Spain in as far as the channeling of resources to the Latin American region is concerned. Despite the downfall of the Spanish empire along with its political control over the Latin American region, Spain still sends a significant amount of aid to Latin American countries especially those which were under its rule.  Therefore, the bilateral relations between the two nations have proven to be profitable to Latin American nations.

“It is quite easy for Latin American inhabitants to travel to Spain and the other way round.”

Diplomatic benefits

Thanks to the strong diplomatic ties that exist between the two parties, it is quite easy for Latin American inhabitants to travel to Spain and the other way round. Exchange of information, developmental ideas and addressing of matters patterning to security and trade is possible through the various summits that are held by the two parties.

Culture

Spain and Latin America have continued to enjoy many benefits in far as the exchange of culture is concerned. This explains why the Spanish language and other cultural norms patterning to Spain are still solid in Latin America despite the end of the colonial era.

Why The Hispanic And Latin American Communities In The US Are Worth Admiring

Why The Hispanic And Latin American Communities In The US Are Worth Admiring

Hispanics and Latin American communities contribute to around 18 % of the total population of the country. They often wish to be distinguished from the rest of the white population in the US. As such, whites of Hispanic and Latino origin are often said to be Hispanic and Latin American whites respectively. In total, both Hispanics and Latinos make up over 53 million of the US population. A Hispanic is a person who has origins patterning to Spain or any of the Spanish speaking countries within the Latin American region. Latinos are said to be people from Latin America or have origins which are directly related to Latin America.Both the Hispanic and Latino American communities make up a group of people which is said to be the most unique in the US. With their unique attributes, they are able to attract the attention of many inhabitants of the US and the world over.

Undoubtedly, you will find it interesting to learn about the actual reasons why both Latinos and Hispanics in the US are able to attract attention from all inhabitants living in the US. It is time to delve deeper into the veins of the Hispanic and Latino American societies.

Culture and language

“Both Hispanics and Latinos make up over 53 million of the US population.”

As indicated earlier, being Latino merely means having origins patterning to or having originated from one of the countries in Latin America. Therefore, cultural backgrounds often differ among Hispanics and Latinos. They depend on the specific origin of the individual involved. But, both groups of people share a number of similarities in their cultures while exhibiting a marked level of variety. For example, they both share family attributes such as valuing monogamy, long lasting marriages and closeness between the nuclear and extended families. Thus, family gatherings and a highly pronounced grandparent centered family setup is quite common among Hispanic and Latino American communities.

In as far as language is concerned; Latin American countries are predominantly Spanish and Portuguese. The latter is the most widely spoken language in the region. But, Hispanics and Latinos in the US are mostly Spanish speakers even though the Latinos can also be speakers of Portuguese based on the definition of a Latino. Currently, around 77 % of the total number of Hispanics and Latinos in the US speak Spanish.

Even iconic celebrity figures such as Christina and Jennifer Lopez are able to speak Spanish perhaps even more fluent than most Spaniards.

“”Both Hispanic and Latino communities in the US consider religion as something significant in their lives.”

Religion

Both Hispanic and Latino communities in the US consider religion as something significant in their lives. As such, they place religion at the center of their lives. Even though many religions have captured the attention of some Hispanic and Latino American individuals, they have not eroded the natural inclination of many Hispanics to Christianity. This is because most of the Hispanic and Latino American societies are generally Christian, particularly Catholic and a number of Protestants.

One of the most notable reasons that can account for this is the fact that the Latin American communities where most Hispanics and Latinos originate from are largely Christian dominated with Catholicism winning a lion share of the population.

Entertainment

The Hispanic and Latino American individuals have had a huge influence on the entertainment industry in the US for many years. The subsequent result of this was the introduction of Spanish speaking radio and television stations. Further, a number of iconic figures of the entertainment industry in the US are Hispanic and Latinos including Jennifer Lopez, Diego Mendez, Christina Aguilera and Selena Gomez.

Not shocking

Based on the information above, it is obviously clear that these communities are worth admiring. Starting from their culture and ending with their food. Further, the influence that the communities of both Hispanics and Latinos have had on the moral fiber of the country as a whole is certainly remarkable. In as far as food is concerned; Hispanics and Latinos are mainly concerned about what they eat. Their emphasis on choosing healthy food coupled with good eating habits sets apart from the rest of the American societies.

They are among the few communities in the US that have managed to remain glued to the generally accepted moral fiber despite the continued secularization of the country. There is definitely every reason to admire this community.

What Has Caused The Economies Of The Largest Commodity Producers In The World To Plummet?

What Has Caused The Economies Of The Largest Commodity Producers In The World To Plummet?

If you have been following the news on the economic performance of the countries around the globe, you will undoubtedly be familiar with the current economic situation in the Latin American region. This is a group of countries whose economic performance has continued to plummet at a disturbing pace. Fuelled by poor economic policies of the previous regimes and the lack of proper strategies to deal with the aftermath, Latin American economies leave much to be desired. Last year, they registered a GDP growth of -0.2 %. This was the worst GDP growth to have been recorded world over.

Even the sub Saharan regions did better than their Latin American contemporaries after scooping the 3rd spot on the global GDP growth chat with a whooping 3.8 % growth rate.

“The 0.2 % contraction in economic is nothing but a reflection of how bad things are in the Latin American region.”

The 0.2 % contraction in economic is nothing but a reflection of how bad things are in the Latin American region. Economic growth has been marred by high cases of corruption, poor governance and a number of external factors. Brazil and Argentina are in the lead in as far poor economic performance is concerned. In particular, Brazil has actually suffered its worst economic era since many decades ago. The situation in Argentina appears to be shaping up bit by bit. But, it will take some time before it gets back to normal. This can be attributed to the fact that the current regime had inherited an economy lacking both stability and growth. Thanks to the poor policies of the previous regime, the country’s economic growth still remains in tartars and may not emerge out of this situation any time soon.  Other poor performers of the region include Venezuela and Ecuador. However, Chile has performed exceptionally well despite the current situation in the region.

Some explanations for this

From the information above, it is obviously clear that the economic situation in the Latin American region is far from being impressive. But, what can really account for this? Experts strongly believe that the region’s poor economic performance can be attributed to both internal and external factors.

Venezuela is mostly a case of external factors as a result of a drop in oil production following the supply glut.

Further, the whole region was forced to bow down to the continued drop in prices of commodities especially after the global economic crunch of 2008. Internal factors are mainly related to poor economic policies, low consumer confidence and escalated corruption.

“Latin American region accounts for most of the commodities that are floated on the global market.”

Shocking information

The shocking information on the ground is the fact that the Latin American region accounts for most of the commodities that are floated on the global market. It is by far one of the highest producers of commodities in the world. Obviously, it is shocking to learn that one of the world’s greatest producers of commodities does not have the capacity to spur economic growth. For example, the region produces around 50 % of the total amount of soya beans that is available in the world. It is also among the chief suppliers of Copper as well as Iron contributing to around 40 % and 15 % of each of the commodities respectively. Venezuela also contributes a great deal to the global oil market.

Surely, a region which contributes so much to the global commodity market should be able to thrive economically.

Latin America: Economic Performance In 2016

Latin America: Economic Performance In 2016

After a rough 2015 and 2016, many Latin American expect nothing but growth in their economies. Not shocking, the region’s inhabitants have staged a number of protests in a bid to pressure the government into spurring economic growth through the devising and implementation of strategic economic policies.

“After a rough 2015 and 2016, many Latin American expect nothing but growth in their economies.”

The year 2015 was a year of recession. Many Latin American nationals will obviously live to remember the economic woes that characterized the region during the course of 2015. To some, the year 2015 is by far one of the worst economic downturns that they have seen since the 2008 global recession. The economic woes of 2015 were largely attributed to a decline in revenues for each of the individual countries. This decline in revenue was triggered by the continued normalization of prices in commodities which took place between 2008 and 2010 following the end of the global economic crisis.

But, the year 2016 was not better in any kind of way. As a matter of fact, it was far worse than the year which preceded it. Even though Argentines ushered in a new government in the year 2016, they still had to endure a long spell of poor economic performance as a result of the errors inherited from previous regimes. Both Brazil and Argentina were the worst hit by the economic recession of 2016. In particular, Brazil registered an economic growth which is far worse than what the country had witnessed in 2008 during the global recession.

Experts believe that Brazil is currently in a recession that its government and inhabitants will live to remember for as long as they remain alive.

“An individual look at each of the countries clearly shows that Brazil was the worst hit by the 2016 economic downturn.”

Individual countries considered

An individual look at each of the countries clearly shows that Brazil was the worst hit by the 2016 economic downturn. Heightened fiscal policies along with stiffened monetary policies have accounted for this. Further, little has been done to overturn the effects of the poor economic policies of the previous regimes. For a Brazilian, having to endure the harsh economic downturn of the year 2016 was obviously worse than failing to win the 2014 world cup on home soil. According to experts, the year 2016 marked the onset of a recession that no Brazilian has witnessed over the past four or so decades.

In the light of this, the country’s economy is in a state which is far worse than it has ever witnessed. The country’s corruption crisis has continued to mare economic growth as economic policies fail to take root and impact the country’s economy. Further, both consumer and investor confidence have dropped significantly over the past few years in response to the perpetual decline in economic growth that has characterized the country. Currently, the country’s inflation has skyrocketed along with a decline in consumer spending.

Venezuela did not fare any better despite not being the worst. Its economic woes started after 2014 following the change in commodity prices which came after the 2008 global recession.In as far Venezuela is concerned, it was the oil prices which continued tumbling down throughout the year 2016 as a result of the oil supply glut which characterized the industry. This culminated into a shortfall in the supply of both the consumer and intermediate commodities.

The price and currency control measures which the government put in place also did very little to mitigate the situation. Rather, they spurred inflation coupled with a deterioration of the people’s social welfare.

For Argentina, things have not been smooth simply because of the poor policies left behind by the previous regime. A number of measures have already been put in place to spur economic growth. But, the transition has been somewhat harsh for the local people. Experts believe that the situation will change in the near future especially by the end of the second of 2017.

What economic experts did not foresee

Following the harshness of the economic situation in the Latin American countries, a number of measures had been proposed to cushion against the perpetual decline in the economic performance of the region. But, experts did not foresee the outcomes of most of the economic policies for the year 2016. For example, consumer confidence for Brazil had dropped to a score of 74 for a sixth successive quarter.

Further, job prospects for all the countries in the region declined significantly with Brazil and Argentina both registering the highest drops.

Latin America And Its Relations With China And The US

Latin America And Its Relations With China And The US

In a world where existing independently is virtually impossible, there is every need to be in close relations with the people around you. This principle actually applies to countries as well. The Latin American community is fully aware of the need to have close relations with the international community. But, the international community comprises many entities.

Much as it is vital to have close ties with almost every country on the planet, there are certain countries that every country cannot afford to be in bad terms with. In particular, having close ties with the US and China is important to any country on the earth.

The Latin American community is fully aware of the need to cement its ties with both the US and China. In a bid to understand the stance of Latin American nations on the issue of having smooth relations with both China and the US, the passage discusses a number of important topics patterning to this subject.

Latin America and China

“China is an important figure in the affairs of the world.”

China is an important figure in the affairs of the world. Its economy plays a huge role in the sustenance of the global economy based on its notable contribution to the world’s economy. Not shocking, the Chinese government had played an instrumental role in reviving the European economy following the recent European economic crisis. Also, china had helped the US to get back on its feet following the 2008 global financial crisis. Africa has also benefited greatly from foreign direct investment from China. There are numerous benefits that come with having close ties with china and the Latin American community is fully aware of this. China believes that it can also benefit greatly from having smooth relations with the Latin American region. It is safe to say that the relationship that exists between the two is a symbiotic one. China’s commitment to the cementation of relations with the Latin American nations is highlighted in China’s Policy Paper on Latin America and the Caribbean.

“The US has focused on migration concerns along with the sale of illegal drugs by immigrants from Mexico and Columbia.”

Latin America and US

Like china, the US is an important nation in both economic and political affairs of the world. As the world superpower, it remains one of the world’s most important nations. The US and China benefit greatly from Latin American nations. In the recent past, relations between the US and Latin America has not been as strong as it was in the past. Most notably, the US has focused on migration concerns along with the sale of illegal drugs by immigrants from Mexico and Columbia. But, the Task force which was initiated by the government to asses the relationship between the US and Latin America has recommended the need to focus on fostering development in the Latin American region. This is even going to become more important in the near future as the construction of the Mexico boarder looms coupled with a significant number of moves patterning to ranging from travel bans to business limitations.

A recent move by Eduardo to grant asylum to an anti-US official is likely to affect trade between the two nations. This is a perfect example of how relations between the US and Latin America have suffered over the years.

Are Latin American Countries Developing More Advanced Economies?

Are Latin American Countries Developing More Advanced Economies?

Latin American countries had seen the worst economic performance in 2015 following the onset of the recession. It is understood that the region fared far worse than it has ever done in the past ten years.

“Latin American countries had seen the worst economic performance in 2015.”

Economic experts around the globe attributed the decline in economic growth in most Latin American countries to a drop in commodity prices, poor governance and lack of growth oriented economic programs. Even Venezuela which had been doing quite well by the summit of 2014, also failed to impress both during the onset of 2015 and towards the end of 2016. Generally, the year 2016 was far worse than what most economic experts had expected. Here is a general overview of what could have led to the deteriorated economic growth in the Latin American region.

Understanding the situation on the ground

According to information on the economic growth pattern of the region for the year 2016, it is clear that the region witnessed a much worse economic downturn than most economic experts had expected.  Even though the region’s economic growth had literally stagnated during the whole of 2015, the year 2016 still promised better things. Economic experts within the region had a better outlook than what they witnessed in 2016.

Expert sources show that the region’s economic growth contracted by around 0.7 %. This is by far worse than what was forecasted earlier in the year.As things stand, countries like Brazil and Argentina are still in the deep waters of the 2015 economic recession.

Brazil in particular, is experiencing an economic situation which is far worse than what it witnessed in 2016 as the country’s currency continues to depreciate along with low investor confidence and consumer spending.

In as far GDP growth is concerned, the region fared quite badly. Economic data shows that the region fared the worst in this area after its GDP declined by over 0.2 %. Compared to other regions in the world, this was the worst performance of the year 2016. Even sub Sahara Africa recorded a much better GDP (about 4 %; this was the 3rd best GDP growth in the world) for the year 2016 than Latin America. This is the current situation on the ground. The three major countries in the region are all fighting to lift themselves out of the current mess using various measures.

“A number of economic experts believe that the region’s failure to emerge out of the 2015 recession was largely caused by poor economic policies.”

Poor past economic policies

A number of economic experts believe that the region’s failure to emerge out of the 2015 recession was largely caused by poor economic policies. Major economies in the region including Brazil, Argentina and Venezuela had been found to be culprits of poor economic policies which had been structured and implemented by previous regimes. The effects of such past policies had resurfaced and began to haunt the economies of these great Latin American nations.

To be more precise, experts strongly believe that the recession which was witnessed by the region was largely due to the past economic policies especially those which were implemented during the post 2008 global recession era. Argentina is the major culprit in this regard having just ushered in a new government last year following the expiration of the former regime’s tenure. The new government took over both macroeconomic and microeconomic imbalances which had been left behind by the previous regime.

For example, Brazil and Argentina both failed to deal with the depreciation of their currencies against the US dollar. Like most Latin American countries, they chose to depend on tightening their fiscal policies. This was also replicated by Venezuela which not only tightened its fiscal policies, but also went on to stiffen its monetary policies. All the countries in the region which followed suit gradually saw a sharp drop in their economic growth rates.

What lies ahead?

This is the question that everyone is asking. The contracted economic growth that has characterized the region is not new to the rest of the world. But, the right measures have to be put in place to dismiss it before things become worse. Argentina and Brazil both share the same economic woes, even though Brazil appears to be in a much worse situation. Venezuela’s growth has equally stalled although recent measures appear to be yielding the government’s desired results.