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Geography Archives: Latin America

Savings, Investment and Growth: Theory and Reality

Neoclassical economic models are based on the assumption that investment is financed from household savings.  Accordingly, capital accumulation will be maximized by policies aimed at increasing household savings rates and capital imports (“foreign savings”).  These models also predict that capital should flow from rich to poor countries, attracted by higher rates of return. However, facts […]

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Loyalism and Mau Mau

  Daniel Branch.  Defeating Mau Mau, Creating Kenya: Counterinsurgency, Civil War, and Decolonization.  Cambridge: Cambridge University Press, 2009.  xx + 250 pp.  $80.00 (cloth), ISBN 978-0-521-11382-3; $24.99 (paper), ISBN 978-0-521-13090-5. The two related themes in Kenya’s history that have drawn the most debate and interpretations are land and the Mau Mau war.  Daniel Branch’s study […]

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Update on the Venezuelan Economy

Executive Summary: After nearly six years of record economic growth, the Venezuelan economy went into recession in the first quarter of 2009, shrinking by 3.3 percent that year.  A number of analysts see this as the end of an “oil boom” and the beginning of a long period of recession and stagnation. For example, in […]

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Who Will Allow Brazil to Reach Its Economic Potential?

The biggest economic question facing Brazil, as for most developing countries, is when it will achieve its potential economic growth.  For Brazil, there is a simple, most relevant comparison: its pre-1980 — or pre-neoliberal — past. From 1960-1980, income per person — the most basic measure that economists have of economic progress — in Brazil […]

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Will Chinese Workers Challenge Global Capitalism?

  Paul Jay: In China in June, leaders of the Chinese Communist Party said that it’s time for workers’ wages to go up.  And there’s been a lot of discussion about whether China’s actually restructuring its economy to try to boost domestic demand.  Certainly in what leaders say in other parts of the world they […]

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Left Think Tank Mystifies Iran-Saudi Tensions

No one should be surprised when The Economist or another controlled opinion source misrepresents tensions in the Persian Gulf as religious rivalry while overlooking decades of U.S. and Israeli success in stoking them for imperial gain.  The so-called mainstream press typically repeats unsubstantiated charges to pretend that Arab client states of Washington buy tens of […]

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Is José Serra Campaigning in Washington or in Brazil?

What is José Serra trying to do?  In his campaign for president of Brazil he has accused Bolivia of complicity in drug trafficking and criticized Lula for trying to mediate in Washington’s fight with Iran and for refusing (along with the most of the rest of South America) to recognize the government of Honduras, which […]

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Latin America: Stop Using Colombia against Left-wing Governments

In March I wrote about the Obama Administration’s contribution to the election campaign under way in Venezuela, where voters will choose a new National Assembly in September.  I predicted that certain things would happen before September, among them some new “discoveries” that Venezuela supports terrorism.  Venezuela has had thirteen elections or referenda since Hugo Chávez […]

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Ties of Friendship

The Colombian government thanks Uncle Sam: “Thank you for helping me tighten the ties of friendship that unite the neighboring countries.” Tomás Rafael Rodríguez Zayas (Tomy) is a Cuban cartoonist.   This cartoon was published in Cambios en Cuba on 26 July 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com).  See, also, Mark […]

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Kenneth Rogoff Is Wrong on Debt and Deficits

In much of the world, including the United States and Europe, a debate is taking place about whether the government’s first responsibility should be to reduce unemployment — which is at elevated levels — or to reduce government deficits and debt.  Many of the arguments for deficit reduction are simplistic, based on ignorance, or ideologically-based. […]

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Latin America and Caribbean: CELAC Steams Ahead

A high-level meeting in Venezuela earlier this month, in which senior Latin American and Caribbean diplomats from 32 countries discussed the creation of a new forum for regional concertation, slipped under the radar of the entire U.S. media.  Indeed, the only English-language report on the event that appeared in the mainstream media was filed by […]

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