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AMERICA ECONOMIA
America Economi­a is Latin America's leading business magazine, founded in 1986 by Elias Selman and Nils Strandberg. Headquartered in Santiago, Chile, it features a region-wide monthly edition and regularly updated articles online, as well as country-specific editions in Chile, Brazil, Ecuador and Mexico.
Mexican President Andrés Manuel López Obrador
Geopolitics
Luis Rubio

Is Mexico's President Pushing For "Mexit" From Trade Pact?

In irking Mexico's chief trading partners with decisions affecting energy firms, the country's leftist President Andrés Manuel López Obrador is tinkering with the free-trade pact that is the very engine and ballast of Mexico's vast, and vulnerable, economy.

-OpEd-

MEXICO CITY — The key to having a nuclear bomb is to never use it. Its fundamental value is in its deterrence of other powers wielding the bomb. The same applies to negotiations between governments in areas like investments or trade. Clearly the risk is inferior, as the country will not face physical destruction, which may be why Mexico's President Andrés Manuel López Obrador (AMLO) sees no risk at all in raising the stakes in his spat over energy with the United States and Canada — the country's paramount free-trade partners.

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Photo of delivery worker for Didi Food
Society
Gwendolyn Ledger

Didi, The Chinese Food Delivery App Finding Its Tasty Niche In Latin America

Didi Food, a delivery startup that struggled in East Asia, has found a growing market in Latin American cities, where appetite for home deliveries has yet to be fully satisfied.

SANTIAGO DE CHILEBarranquilla and Soledad are the latest Colombian cities to join the Chinese delivery firm Didi Food's expanding market in Latin America.

The firm began exploring partners here months ago, but announced its "arrival" online in late June once it had a critical mass of eateries and partners registered with it. The application is available in other Colombian cities, as well as in Mexico, Brazil, Costa Rica, Chile and the Dominican Republic.

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Photo of a world map
Geopolitics
Luis Rubio

Our World Is "Flat" No More: Welcome To The Era Of Pure Geopolitics

The dominance of a single narrative of globalization and liberal democracy is over.

-Analysis-

MEXICO CITY — As the Bolshevik leader Lenin once observed, there are decades when nothing happens and weeks in which decades take place. The big turns in history tend to go unnoticed in their decisive moments because daily life doesn't suddenly change for most people around the world.

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Yet in retrospect, certain moments become crucial. Everything suggests the invasion of Ukraine is one of those turning points, with enormous implications for the world's future.

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Photo of a person under an umbrella looking over the Los Angeles cityscape
Geopolitics
Ángel Alonso Arroba*

Summit Of The Americas: Why Washington Needs To Tend To Its Own Backyard

With Washington's attention fixed on Russia, Ukraine and China, the upcoming Summit of the Americas will likely not be the "breakthrough" gathering to forge the equal ties Latin America has long sought from the United States. But Washington would be wise to invest in stronger unity in its own hemisphere.

-Analysis-

SANTIAGO — As we approach the next Summit of the Americas, the only meeting of leaders from the countries of North and South America, slated to begin in Los Angeles on June 6 , it will no doubt be hailed yet again as a unique opportunity for the United States to reboot its relations with the region.

It is a cliché that has taken on new weight since the darker period of the Trump administration, when Latin America kept falling as a priority for Washington. Yet that administration, with its less-than-cordial discourse toward Latin nations, merely exacerbated a trend that was already well underway.

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Photo of President Andres Manuel Lopez Obrador of Mexico voting​
Geopolitics
Luis Rubio

AMLO Power Grab: Mexico's Electoral Reform Would Make Machiavelli Proud

Mexican President Andrés Manuel López Obrador, aka AMLO, says his plans to reform the electoral system are a way to save taxpayer money. A closer look tells a different story.

OpEd-

MEXICO CITY — For supporters of Mexico's President Andrés Manuel López Obrador (AMLO) the goal is clear: to keep power beyond the 2024 general election, at any price. Finally, the engineers of the much-touted Fourth Transformation, ALMO's 2018 campaign promise to do away with the privileged abuses that have plagued Mexican politics for decades, are showing their colors.

Current electoral laws date back to the 1990s, when unending electoral disputes were a constant of every voting round and impeded effective governance in numerous states and districts. The National Electoral Institute (INE) and its predecessor, the IFE, were created to solve once and for all those endemic disputes.

Their promoters hoped Mexico could expect a more honest future, with the electoral question resolved. The 2006 presidential elections, which included AMLO as a recalcitrant loser, showed this was hoping for too much. That election is also, remotely, at the source of the president's new electoral initiative.

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A jar of weed
Economy
Natalia Vera Ramírez

Crypto And Cannabis, Best Buds At Last

As cannabis is legalized in more places, investors are taking note. One Luxembourg-based, Uruguayan-led fund has found an innovative way to bypass banking obstacles and raise capital.

Soon it will be possible to buy shares in a fund that invests in the nascent cannabis industry, on Ethereum, a blockchain portal. The fund is Global Cannabis Capital (GCC), formed in Luxembourg and soon to offer shares as tokens (digital value units representing the value of a stock), instead of the traditional initial public offering (IPO).

GCC's founder is the Uruguayan Andrés Israel, also CEO and founder of Cannabis Company Builder (CCB), an incubator that helps Latin American startups devise a business strategy for the cannabis sector. He said tokens were "a much more efficient channel for attracting capital" than share issues, and legal frameworks already exist covering their use. The legalities, he said, were "one of our major challenges. We chose Luxembourg as we found legality both in the blockchain sphere and the cannabis industry. It was a double challenge for us."

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We Can't Choose Our Refugees Or Enemies — What Racists Don't Understand About War
Ideas
Farid Kahhat

We Can't Choose Our Refugees Or Enemies — What Racists Don't Understand About War

The European far-right's sympathies for "white and Christian" Ukrainians shows its devotion to the idea of the "clash of civilizations." But it fails to see the basic paradoxes of war, where you may be fighting those who most resemble you and be forced to welcome those who look different.

-OpEd-

In a recent tweet, Hermann Tertsch, a far-right member of European Parliament, clarified what his ilk understood refugees to be. The member of Spain's populist Vox party wrote that "in Ukraine, they are real refugees. Christian, white refugees."

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He was supposedly listing criteria relevant only to the state of Ukrainians, while ignoring the fact that the Russian soldiers who have brutally turned them into refugees are just as white and Christian.

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A person walks under the rain with an umbrella.
Geopolitics
Farid Kahhat

The Ukraine-Taiwan Analogy: Real Fears And False Correlations

The United States has no treaty obligation to send troops to protect Taiwan against China, but it has a "fairly clear" commitment to aid its defense, unlike in Ukraine. The economic stakes are also a source for worry.

-Analysis-

Days after the Russian invasion of Ukraine, the flight of Chinese jets near Taiwan provoked jitters around the world. The worries were unnecessary as Taiwan's air defense identification zone, where the jets had flown, is effectively bigger than its airspace.

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Also, the incursions were not unusual, having occurred 900 times since the air zone was created. Any comparison between the cases of Taiwan and Ukraine overlooks the fact that — beyond the current context — Taiwan is actually more important to the United States than Ukraine.

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