By Neil Pyper The recent escape of Mexican drug cartel leader Joaquín “El Chapo” Guzmán from a Mexican maximum-security prison was a high profile example of the failings of prison systems throughout Latin America. His escape through a 1.5km tunnel made a mockery of the jail’s security and also raised serious questions about corruption. Seven … Continue reading
By Tomas Hult Back in 2001, former Goldman Sachs chief economist Jim O’Neill coined the acronym BRIC to highlight the immense economic potential of the emerging markets of Brazil, Russia, India and China in the decades to come. They would be the economic engines of tomorrow, he wrote. The BRICs, which cover a quarter of the world’s … Continue reading
By Neil Pyper Peru has been hailed an emerging market success story, with more than a decade of GDP growth in excess of 6%. While booming mining exports have been the overwhelming driver of this, the shopping malls and SUVs in Lima and other major cities are evidence that domestic demand has also been buoyant. … Continue reading