With the election of Pedro Pablo Kuczynski (known as PPK) as its new President, Peru is poised to be a major leader in combatting climate change and, in particular, the global effort to preserve tropical forests.
Reducing inequality is front and center of the current economic policy agenda. Multilateral institutions like the IMF and the World Bank have accepted that high inequality leads to macroeconomic instability and lowers growth and that lower inequality helps make growth sustainable in the long run. But there is no magic bullet.
“Latin America is no exception regarding the adverse changes in emerging market conditions that have occurred since the US Fed began reducing Quantitative Easing (QE) in May 2013.” That’s the assessment of the Latin American Shadow Regulatory Committee (or CLAAF) in its latest statement.
Toward the end of the 2008 global economic crisis, the consensus was that developed economies would recover just as quickly as they did in past recessions. It was also expected that emerging market economies would continue acting as the world growth locomotive for a relatively long time. Until mid-2011, this perspective appeared to be in the process of materializing. By now, however, this scenario differs significantly from reality.
The results of Sunday’s runoff election in Brazil open a new chapter in the country’s fight against deforestation. Dilma Rousseff will have to overcome skepticism that she’s the right woman for the job, in light of perceptions that she privileged development at the expense of conservation during her first term as president.