Tuesday, January 09, 2007

Latin American Economies: What Do You Think?

Newsweek International reveals that of the 603 prominent Latin American politicians, government officials, academics, and journalists that participated in a Zogby survey, "81 percent expect their national economies to improve over the next two years." The article then investigates the sources of such optimism as well as the arguments against it.

The BBC reports that Hugo Chavez has announced plans to nationalize certain energy and telecommunications companies. You'll remember that he essentially nationalized the media last week. These socialist overtures are hurting Venezuela, however. The BBC also reports that his most recent announcement spurred a significant drop in Venezuelan financial markets.


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