Political vs. Credit Risk in Latin America and the Caribbean. Data source: International Monetary Fund and Standard & Poor’s, 12/2012.
Journal of Political Risk, Vol. 1, No. 2, June 2013.
The latest events in Latin America and the Caribbean provide good examples of the current political and economic tone in the region. On one hand, small and mid-sized economies such as Peru, Colombia, Chile and Mexico are working towards the advancement of the Pacific Alliance – an economic group whose agenda includes free trade and economic integration. On the other hand, a group of not-so-small economies still linger with populist recipes for government intervention, nationalization of companies, and manipulation of published government economic data. Continue reading