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davepamn

February 09, 2009 05:19 AM

What does Latin America Need?

Has Latin America turned off the spigot of government spending?
Is Latin America vulnerable to US financial turmoil?
In 2010 will Mexico and Brazil remain strong trade partners with the US?

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deanmachin...

February 09, 2009 10:58 AM

Hopefully the U.S. will stop the bleeding in time for countries like Mexico and Brazil to remain strong trade partners...but I do think that what will be different is that countries like Brazil and Mexico won't HAVE to remain as closely tied.

China is especially present in those countries these days, trying to gain more of a financial foothold in the region for the long-term. The U.S.'s particularly harsh financial crisis just levels the playing field, it would appear.

A country that seems to be holding its own in a smarting global economy is Chile; see link below...
Source(s):
http://www.ft.com/cms/s/0/a071017a-f3b8-11dd-9c4b-0000779fd2ac.html
http://news.bbc.co.uk/2/hi/asia-pacific/7878159.stm

Asker's Rating:

• Latin America is the key to US revival. US economy can be revived if Latin America becomes a stronger customer for US manufactured goods.

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fjpoblam

February 09, 2009 06:18 PM

Latin America, like all nations embroiled in poverty, needs the support of customers in more wealthy parts of the world for Fair Trade. That is, businesses in those nations (or parts of the world) that provide fair and equitable wages and working conditions for goods produced. Buy goods from companies in those parts of the world that provide Fair Trade: if given the choice between two coffees in Brazil, choose the one that is from a Fair Trade-honoring company (and there are those). The coffee may cost more, but it is worthwhile for the people involved in producing it. Don't support sweat-shop labor.

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