Through his work with the nonprofit Vidanta Foundation, retired developer Daniel Chavez Moran is focused on helping to address and resolve the economic and social development challenges faced by the nations and people of Latin America. This interesting blog post from Mauricio Cárdenas at the Brookings Institution in Washington, D.C., on the transformational decade ahead for Latin America caught his attention:
“Historically, experts have often characterized Latin America as a region with poor economic features: hyperinflation, fiscal populism, and costly industrial policies rife with corruption are just a few examples. However, experts are beginning to change their tune. In fact, many analysts are referring to the 2010s as Latin America’s decade. Last year, The Economist ran a special report, where the magazine turned the hemispheric map upside-down under the label ‘Nobody’s Backyard,’ suggesting that the region had learned from its previous mistakes and is entering a brighter phase.”
Cárdenas continued, offering three interconnected reasons to make this point: Demographics, the economic growth of China as a trading partner, and trends in global savings and liquidity.
And he concluded: “If Latin American leaders focus on this task ahead, this will be a transformational decade indeed.”
Read more here from philanthropist Daniel Chavez Moran on how the past and future unite, and how the Vidanta Foundation supports the integration of Latin America with the rest of the world through the strengthening of democracy and economic opportunity.