Venezuela

BrazilColombiaPress ReleasesVenezuela

Bank of the South: Another step toward Latin American integration

  • Member countries analyze the proposal as Banco del Sur (Bank of the South) is about to be launched
  • Lula, while skeptical, is moving ahead
  • Dealing with the opposition to the Bank
  • Not a Chávez-controlled institution, but one aimed at development and integration, infrastructure loans and aiding each other’s investment requirements

Since coming to power in 1999, Venezuelan President Hugo Chávez may have been seen as a controversial figure, universally known for his confrontational stance regarding U.S. foreign policy aims. However, his zeal for social reform, promotion of Latin American integration and his unquestionable good will toward other nations will reach a high-water mark on Sunday, December 9, 2007, when the Bank of the South will be formally launched.

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BoliviaBrazilPress ReleasesUncategorizedVenezuela

Empty Calories of Economic Growth and the Battle for Participatory Democracy—Latin America's New Middle Class

The past two decades have witnessed a series of political and economic rollercoaster rides all over Latin America. However, with economic "stability" being used as a tagline for positive growth and suitable political fervor, a novel way of life has been emerging that is affecting millions of citizens who now consider themselves members of a new middle class. This "Great Global Middle Class" has been illuminated perhaps more brightly in Latin America than anywhere else, due to its longstanding and hard-fought struggle with income inequality and socially repressive regimes.

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ColombiaEcuadorPress ReleasesVenezuela

Is the “New Left” Simply More of the Same, or a New Political Force in Latin America?

  • South American leftward shift here to stay?
  • Latin Business Chronicle's malpracticing prescription
  • Chávez is very different from Morales and Correa, though they all may face similar challenges.
  • What does the Uribe-Chávez flap portend?

The rise of what some call the "New Left" in Latin America has become an increasingly hot topic over the last decade. But what does it really signify for the hemisphere? While some claim that these left-leaning nations reflect just an aberrant phase in the democratization process, others insist that this development is leading to the very embodiment of enhanced freedom, where citizens have the opportunity for their voice to be heard, an education as well as a job paying a living wage. The New Left movement seems to be taking a solid hold in the region: close to 60 percent of its population live under an elected leader who leans or is committed to the left of the political spectrum. While Venezuela's Hugo Chávez may be attracting the most media attention, Bolivia's Evo Morales and Ecuador's Rafael Correa are following close behind the ideological tenacity that they bring to governance and as a result, the region is witnessing transformative changes which seem to be more real than ephemeral.

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