Word: brazil
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Dates: during 1990-1999
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...Amazonian domain of woodlands, rivers and lakes, Davi has learned to master the world of airports and international assemblies as skillfully as he roams his spirit realm of giant anacondas. When Davi, in his 40s, speaks about the plight of the estimated 22,000 Yanomamis left alive in northern Brazil and Venezuela, he's a visionary who sees his people and their rain-forest gods being swept toward extinction. "When I go to the big city, I see hungry people, without anywhere to plant crops, without drinking water, without anywhere to live. I do not want this to happen...
Prodded in part by pressure from Davi and his supporters, Brazil in 1991 set aside 36,000 sq. mi. as a Yanomami homeland. Now mining interests and loggers want the territory cut into patches totaling 7,700 sq. mi. "They want us corralled like animals," says Davi. So when the radio in his hut calls him to a new battlefront, Davi is ready to go, no matter how far it takes him from the spirit world of forest and river...
...says. Latin America?s third largest economy has mounting debt, is mired in a recession, and is stuck with a currency that it can?t afford. "The Argentinian peso is tied one-to-one with the dollar, and with the dollar so strong, countries with devalued currencies like Brazil are killing it on exports because their goods are that much cheaper." If Argentina buckles under the pressure and devalues, the whole region will take a beating from the markets. The upside? If Thursday?s Consumer Price Index report holds form, you can bet the farm on the Fed's leaving...
Most developing countries aggressively sell ecotourism, while few foreign-aid programs are complete without an ecotourism element. Two years ago, Brazil unveiled a $200 million program to develop ecotourism in the Amazon region. A project to build a visitors center, upgrade trails and construct canopy walkways has saved Ghana's Kakum rain forest from logging and other depredations. The park now employs 2,000 local people and attracts 40,000 tourists a year. Receipts from about 1,600 visitors each day are keeping afloat the Xcaret ecopark in Yucatan, Mexico--and also funding the 50 scientists who work there...
Investors wagering on developing markets in Thailand, Brazil, China, Russia and other far-flung lands have been underwater a long time. A $1,000 investment in an average emerging-markets stock fund in June 1994 would be worth about $900 today. Maybe they should be called submerging markets. This year, though, the world's economic trouble spots have come up for air--and suddenly we have the re-emerging markets...