From the still-vex'd Bermoothes.
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brazil | by Mike Derham | 02 Feb, 2004 at 10:08 AM | comments (0) | trackback (0)
Jeffrey Sachs, the global development guru had an op-ed piece in Friday's Miami Herald praising both Lula and Fernando Henrique Cardoso in providing the leadership necessary to help Brazil weather the economic crises of 1999 and 2002:...
Changing Face of Globalisation
economics | by Edward Hugh | 29 Jan, 2004 at 12:39 PM | comments (1) | trackback (0)
As per my last post, things are changing and fast. I would say we may possibly soon be able to talk of golbalisation phase one and globalisation phase two, speaking only of the post 1990 version of course. In the first phase there was plenty of room for argument about...
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Trading Architecture Post Cancun
economics | by Edward Hugh | 29 Jan, 2004 at 12:27 PM | comments (0) | trackback (0)
When Cancun couldn't there was all sorts of speculation about how we might see a breakdown of global trade into a whole string of bilateral arrangements. These predictions seem to be being borne out: but not, it seems, as anyone foresaw. Lula, as Stephen notes, has been in India, and...
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Now It's Columbia's Turn
economics | by Edward Hugh | 14 Jan, 2004 at 04:55 AM | comments (0) | trackback (0)
I wouldn't profess to be any kind of expert on the Columbian economy, nor even to know a great deal about it, but I couldn't help noticing this news in Bloomberg today: Colombia sold $500 million of dollar- denominated bonds due in 2024, the fifth Latin American government this month...
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economics | by Miguel Octavio | 10 Jan, 2004 at 07:16 PM | comments (0) | trackback (0)
In one of the most bizarre economic discussions to take place in Venezuela, news has been dominated during the last week by the request by President Hugo Chavez that the Venezuelan Central Bank "give him" US$ 1 billion (He actually asked for "un millardito", a little billion translated literally) of...
Chile and the China Boom
economics | by Edward Hugh | 09 Jan, 2004 at 02:15 PM | comments (0) | trackback (0)
Is Chile the latest beneficiary of economic growth in China? The Chilean peso is at the moment the best performing currency in the world this year, having risen 1.5 percent to 556.60 per dollar in Santiago this morning , rising for a fifth day out of six. The peso has...
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The artificial Venezuelan economy: Inflation and price controls
venezuela | by Miguel Octavio | 04 Jan, 2004 at 05:40 PM | comments (0) | trackback (0)
The Venezuelan economy is truly full of surprises. The effect of the oil income and Government controls is remarkable, introducing a number of artificialities that make the country a laboratory for economic concepts like no other one. I understand that the Japanese Government even has a full time economist just...
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Is the length of our Christmas/New Year's break ridiculous?
economics | by Miguel Octavio | 02 Jan, 2004 at 05:44 PM | comments (1) | trackback (0)
I skipped two Thursday updates for a very simple reason: There is nothing to report! Life in Caracas came to a standstill the weekend befoere Christmas and activity has yet to pick up. In fact, I would say that the level of activity continues to go down. This lack of...
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Venezuelan Economy shrinks by 7.1% in 3d. Qtr., 14.7% for the year so far
economics | by Miguel Octavio | 21 Nov, 2003 at 08:24 PM | comments (0) | trackback (0)
The Venezuelan Central Bank (BCV) reported that the Venezuelan economy shrank by 7.1% in the third quarter 2003. For the year the Venezuelan economy has shrank by a total of 14.7%. Quarter to quarter there was a slight improvement from -9.4% in the second quarter. The report by the central...
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Kola Real and its founders in the spotlight
economics | by Miguel Octavio | 16 Nov, 2003 at 08:28 PM | comments (0) | trackback (0)
Interesting how in the space of one month three different publications: The Wall Street Journal, The Economist and Spain' El Pais (unfortunately, all by subscription only), devote articles to the family that created Kola Real. Kola Real was created by the Anano family in Peru during the worst times of...
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Another "revolutionary bond"
economics | by Miguel Octavio | 12 Nov, 2003 at 08:31 PM | comments (0) | trackback (0)
The Venezuelan Government will sell US$1 billion in a fifteen year bond in the next couple of weeks. The issue will have a coupon of between 7 and 8% will be sold only to local investors, but will be denominated in US$. Thus, in effect, it becomes a mechanism for...
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"US loses the war of steel"
brazil | by Stephen George | 11 Nov, 2003 at 06:19 AM | comments (0) | trackback (0)
There is clear delight in Brazil this morning after the WTO decision that US tariffs on steel imports are contrary to the rules of the agreement, and the economy pages of the papers are dominated by the news. Brazil's ambassador to the WTO is quoted in O Globo this morning...
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Cuba to buy sugar from the US?
economics | by Miguel Octavio | 09 Nov, 2003 at 08:36 PM | comments (0) | trackback (0)
According to local newspaper El Universal, Cuba has converted more than one million hectares of sugar growing land to other crops and the country is no longer producing sufficient sugar for its own consumption. A total of 70 sugar concerns were sutdown as production, which in 2001 and 2002 reached...
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" Sachs Bullish on Brazil | Mike Derham
" Changing Face of Globalisation | Edward Hugh
" Trading Architecture Post Cancun | Edward Hugh
" Now It's Columbia's Turn | Edward Hugh
" The "little billion" saga continues in Venezuela | Miguel Octavio
" Chile and the China Boom | Edward Hugh
" The artificial Venezuelan economy: Inflation and price controls | Miguel Octavio
" Is the length of our Christmas/New Year's break ridiculous? | Miguel Octavio
" Venezuelan Economy shrinks by 7.1% in 3d. Qtr., 14.7% for the year so far | Miguel Octavio
" Kola Real and its founders in the spotlight | Miguel Octavio
" Sachs Bullish on Brazil | Mike Derham
" Changing Face of Globalisation | Edward Hugh
" Trading Architecture Post Cancun | Edward Hugh
" Now It's Columbia's Turn | Edward Hugh
" The "little billion" saga continues in Venezuela | Miguel Octavio
" more from living in latin america...
"Jeffrey Sachs, the global development guru had an op-ed piece in Friday's Miami Herald praising both Lula and Fernando Henrique Cardoso in providing the leadership necessary to help Brazil weather the economic crises of 1999 and 2002:..."
" continue reading Sachs Bullish on Brazil...
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