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Article: Latin America and the new political order.(international)
- Article from:
- Business Credit
- Article date:
- September 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Significant changes have been taking place in the political landscape in Latin American in the past decade that will have lasting and profound consequences in the region. This new political order could have at least three downside risks:
1. President Chavez is moving the region away from its democratic moorings into an aberrant kind of socialism.
2. A region that has lived peacefully now faces instability and uncertainty.
3. Foreign investment may eventually dry up, placing some countries in the region in a very difficult economic predicament.
This new political order, unfortunately, will have a dramatically negative impact on how ...