Tag Archives: Venezuela

Iran-South America trade suffers as relations thaw with the West

Iran’s relations with South America under former president Ahmadinejad now face a decline in economic cooperation, as Iran mends its ties with the United States. Will improved relations between Iran and the West have economic consequences for South America?  As attention turns to Iran’s tentative cooperation with its geopolitical rival, the United States, in efforts to combat […]

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mexico energy oil pump

Political risk is alive and well in the global oil industry

Despite innovation in the US oil patch, the big stories in oil still lie outside the US—where hydraulic fracturing and innovation in drilling technology are unlikely to play a major role in its extraction. The oil business is likely to remain messy for the foreseeable future. For better or worse, oil will remain central to […]

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2012 Car Bombing in Bogota; Source: David Maiolo via Wikipedia

Armed conflict, stalled bureaucracy limit Colombia’s economic growth

Global Risk Insights has reported that the largest problem for Venezuela’s PDVSA and Mexico’s Pemex is falling oil production. Now, another South American country, Colombia, has also reported a decrease in oil production for 2013 — due to terrorism, social unrest and government inefficiency.   This year’s spring has not been very pleasant for Colombian politics. The list […]

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student protests Chile

Latin American countries see rising public discontent

In most Latin American countries, people are taking to the streets to protest against their governments for a variety of issues. If public services and governance indicators do not improve, the demonstrations could take a violent turn and impede economic growth. Since late January 2014, Venezuela has held the spotlight in Latin America. Fast forward […]

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mexico energy oil pump

The future of oil exporters in Latin America

Mexico has liberalized its oil sector and Venezuela tries to survive a wave of violent protests. What does the future of oil look like in Latin America? The politics of oil in the two largest Latin American oil exporters—Venezuela and Mexico—have recently diverged. While Petróleos de Venezuela, S.A. (PDVSA) is now politically closer to the […]

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Venezuelan President Nicolas Maduro

Growing protests in Venezuela threaten Maduro’s authority

Massive anti-government protests have erupted across Venezuela in what President Nicolas Maduro has called an “evolving coup.” Maduro’s comment might become a self-fulfilling prophecy if protesters and the political opposition continue to gain strength. The day following Maduro’s comment, the situation between demonstrators and security forces intensified and deadly violence ensued, killing three people. The situation in […]

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emerging markets

Why emerging markets are not collapsing

The recent rout of emerging markets prompt worries over a new emerging market crisis like those of the 1990s and early 2000s. While significant downside risks exist, differentiation is likely to take over as markets calm and investors pinpoint those countries with strong fundamentals and growth potential. Emerging markets have had a difficult few weeks. […]

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Raul Castro

Cuba’s reforms need more power to attract investment

Cuba has undergone reforms during Raul Castro’s presidency, but they continue to progress slowly and lack substance. Still, the atmosphere is right for Cuba to make some improvements to its foreign relations, which could help its economy. In 2006 when President Fidel Castro stepped down due to poor health, his brother Raul energetically took the […]

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crude oil

Oil glut could pose risk for U.S. shale oil revolution

With oil production reaching a historic peak, the U.S. may have to reconsider its 40-year-old ban on oil exports. The year 2014 could pose a milestone for the U.S. oil industry. In its latest annual World Energy Outlook, the International Energy Agency predicted that the U.S. would become the world’s largest producer of oil by […]

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Rio de Janeiro

What to watch for in Latin America in 2014

The relationship between Latin American governments and business in 2014 will be defined primarily by the interaction of democracy and natural resource economics. Here is an overview of key issues to watch. 1. Democracy: Seven presidential elections will be taking place in 2014 (Costa Rica, El Salvador, Panama, Colombia, Uruguay, Bolivia, & Brazil).  These presidential […]

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