I am sharing with you my new article examining trends and challenges facing Latin America and the Caribbean as we begin 2019. The work focuses on the reinforcing effects of the fragmentation and other changes in the criminal groups across the region, the advance of the PRC, and deepening political crises in Guyana, Venezuela, Honduras, and Guatemala. The article also highlights significant developments and challenges in Mexico and Colombia as countries of concern.
December 18, 2018, marks the 40th anniversary of the official beginning of China’s reform and opening-up, when the third Plenary Session of the 11th Central Committee of the Communist Party of China (CPC) was held from December 18th to the 22nd, 1978.
This article is about activities of the Chinese deepwater fishing fleet in Latin American waters, and their negative impact on the livelihood of some of the region's most vulnerable communities. Although the media has highlighted a number of high-profile cases off the coasts of Argentina and Ecuador, in my research, I was struck by how widespread Chinese violations of the Exclusive Economic Zones of Latin American states, and other practices such as overfishing, trawl nets, etc appear to be, mirroring the damage that such activities have already caused in Asia and Africa.
I normally feel after reading, reviewing, and discussing the events of the previous week that I’m able to discern a direction or constructive theme. Today however, every corner of the world seems mired in some degree of turmoil, and markets are reacting. There is so much noise that it is difficult to decide what is causing this new volatility. Is it China, the Fed, the Mueller investigation, Yellow Jackets, or technology run amuck?
From November 26 to December 2, 2018, I traveled to Taipei, Taiwan to speak at the prestigious private university, Tamkang. There I had the chance to interact with academics, officials, and students regarding Taiwan’s relationships in Latin America and the Caribbean and its associated struggle for diplomatic and existential survival.
There are numerous analyses about China and its future, as well as about Chinese engagement with Latin America. This report examines, in detail, how the growth of China, with its power and role in the global economy, is likely to transform Latin America and the Caribbean through economic, political, and other forms of engagement with the region.
Has the “new Cold War” between the People’s Republic of China and the United States of America began? Pessimists argue that the tough speech on China made by US Vice-President Mike Pence at the Hudson Institute on October 4, 2018 was the dangerous sign.
I know some people abhor social media. The sector has certainly taken a beating lately in the markets, but I really love Twitter. It gives me the ability to hear the (curated) voices of people I know, don’t know, and in some cases hope I never know, but who make me think. I follow the newspapers and journals I used to have to login to separately, read other media from all around the world I didn’t even know existed, and get into impromptu conversations with real experts.
Since World War Two and the Bretton Woods agreements that established the post-war dollar-centric global financial system, the dollar has been the pre-eminent vehicle (reserve/international) currency. The dollar accounts for over 60% of global foreign exchange reserves and 80% of world trade is dollar-denominated, as are 100% of the global transactions in oil and other commodities. Moreover, the chronic U.S. external deficits have provided global markets with abundant dollar liquidity.
The expansion of Chinese commercial activities in Latin America and the Caribbean raises questions.