As oil and commodities prices drop and the U.S. dollar is revalued, Latin American economies must prepare for life with less hard cash.
Tag: commodities
Latin American countries have used a decade-long revenue boom to boost prosperity and stabilize their economies. But there is a *productivity problem*.
As prices on oil and other raw materials drop, the cycle of what some call “macroeconomic populism” is hitting a rather tough patch, especially for Argentina and Venezuela.