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Question: What have you learned in reviewing Ch. 1, the World Bank website, and the slides for this course? Do you have any other insights or information that you think would be appropriate? What news sources will you use to keep up with new economic and political trends in Latin America?
Look at how many political changes there have been since this text was written, and how many changes in the world economy. When this book was written, the world was still recovering from the Great Recession of 2009, and it looked like Latin America had not suffered as much of a downturn as the most developed economies, and perhaps was poised for a real upturn.
We didn''t realize then just how much Chinese investment there was in Latin America, and just how bad economic conditions would become in Venezuela and other countries.
And, of course, the change from the pro-free trade policies of the Obama administration to the "America first" policies of the Trump administration have had considerable impact in Latin America as well as other countries. And then there is Covid 19! We still don''t know the full extent of the economic contraction this pandemic will cause around the world, but we know Latin America will be greatly affected. Keeping up with current events is important in this course and in international business generally.
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