The big question in Latin America today is this: Will Peru’s newly elected President Ollanta Humala orient his country toward Venezuela’s Hugo Chávez and his radical allies? Or will he choose the path taken by Brazil’s former president Luiz Inácio Lula da Silva and the region's other moderate politicians?
BUENOS AIRES – The big question in Latin America today is this: Will Peru’s newly elected president, Ollanta Humala, orient his country toward Venezuela’s Hugo Chávez and his radical allies? Or will he choose the path taken by Brazil’s former president Luiz Inácio Lula da Silva and the region’s other moderate politicians?
Humala’s own ambiguous words offer little guidance. So the direction in which he intends to lead must be read from his actions, and these are unlikely to be definitive in the short term. Peru’s domestic and international situation, however, will frame his main decisions.
Humala is no novice politician rising to victory on charm and luck. In the presidential election of June 2006, he received 45.5 % of the vote – not enough to defeat Alan García, but sufficient to show how deeply he had tapped into the hopes and trust of many Peruvians. At that time, populism seemed an unstoppable force in Latin America. Fueled by an oil boom and vast social spending, Chávez was flying high, blessed and supported by the aging but still active Fidel Castro.
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China’s exceptional growth in recent decades has influenced the education and career choices of young people and their families. But now that high-skilled jobs are drying up and recent graduates are struggling to find work, there is a growing mismatch between expectations and new realities.
argues that the rise in joblessness among young people does not spell economic apocalypse for China.
Since 1960, only a few countries in Latin America have narrowed the gap between their per capita income and that of the United States, while most of the region has lagged far behind. Making up for lost ground will require a coordinated effort, involving both technocratic tinkering and bold political leadership.
explain what it will take finally to achieve economic convergence with advanced economies.
BUENOS AIRES – The big question in Latin America today is this: Will Peru’s newly elected president, Ollanta Humala, orient his country toward Venezuela’s Hugo Chávez and his radical allies? Or will he choose the path taken by Brazil’s former president Luiz Inácio Lula da Silva and the region’s other moderate politicians?
Humala’s own ambiguous words offer little guidance. So the direction in which he intends to lead must be read from his actions, and these are unlikely to be definitive in the short term. Peru’s domestic and international situation, however, will frame his main decisions.
Humala is no novice politician rising to victory on charm and luck. In the presidential election of June 2006, he received 45.5 % of the vote – not enough to defeat Alan García, but sufficient to show how deeply he had tapped into the hopes and trust of many Peruvians. At that time, populism seemed an unstoppable force in Latin America. Fueled by an oil boom and vast social spending, Chávez was flying high, blessed and supported by the aging but still active Fidel Castro.
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