Latin America Update, March 2014
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
With elections scheduled in seven Latin American countries, 2014 will be a year of significant political developments in the region. As we enter 2014, Gateway House examines the important events that defined Latin American politics and economy in 2013
The death of Venezuelan President Hugo Chavez, election of President Michelle Bachelet in Chile, reforms in Mexico and the legalisation of cannabis in Uruguay have implications for the Latin American region. Gateway House examines how these will shape the region’s politics and economy in the coming years
India’s oil imports from Latin America increased from 4.5% in 2003 to 11% in 2012-13. This marks a diversification in India’s energy policy. With Latin America’s surplus energy production and discoveries in off-shore oil fields, India must further consolidate its oil trade with the region
According to the UN Economic Commission for Latin America and the Caribbean, the Latin American region is expected to grow at 3% in 2013. Although the growth appears modest, it is not bad given the GDP contraction in the Eurozone in the past two years and the lower growth rates in the rest of the world
As India looks to diversify its sources for energy imports and grapples with food security issues, it is looking more towards Latin America. Gateway House interviews Ambassador Deepak Bhojwani to discuss India’s prospects with this increasingly significant region.
India seems to be treading down the path of fruitless populism that crippled many countries in the past, most notably in Latin America. But like Latin America, India too can embark on a course-correction by implementing pragmatic economic policies alongside progressive but results-driven social spending.
The past decade has seen a significant rise in trade and investment flows between India and the Latin American and Caribbean (LAC) region. With an international system in flux, it is time for India and LAC to work together to shape a global order that better reflects current economic realities.