Word: latinization
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Dates: during 2000-2009
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...Russians have been bingeing on borrowed funds. The total volume of international financing of the private sector, including bonds, equities and loans, has more than tripled in the past three years to over $76 billion. Indeed, Russia has raised more on international bond markets alone than the whole of Latin America...
NORTH AMERICA 2.2% EUROPE 13.1% ASIA 26.8% OCEANIA 0.6% LATIN AMERICA 53.6% AFRICA...
Chilean President Michelle Bachelet emphasized that the success of democracy in Latin America is contingent on the involvement and equality of citizens, in a speech at the Institute of Politics last night. According to Bachelet, who was elected Chile’s first female president in 2006, democracy in Latin America has reached a point where its implementation is no longer on everyone’s minds, making the system vulnerable to an increase in apathy and institutional distrust among citizens. “What I mean is not that I am a pessimist, but we have...
...That may be a dream too far, but many in the audience will have acknowledged that the bearded, gravelly voiced President has been a revelation. When he was first elected in 2002, many U.S. experts on Latin America worried that he and his leftist Workers Party would trash Brazil's economy by pursuing socialist and populist policies. But Lula stuck to the market-oriented fiscal reforms of his predecessor, Fernando Henrique Cardoso. Those policies, plus a windfall from high global prices for Brazilian products like soybeans and steel, helped Lula tame the country's notorious hyperinflation and create a boom...
...Remarkably, Lula has managed to steer Brazil between the Scylla and Charybdis of the right-wing Bush Administration and the left-wing Venezuelan President Hugo Chavez, whose clashes are rocking Latin America. Lula, in fact, is one of the few leaders both Bush and Chavez will listen to. "I joke with them and tell them their fight is very weird," Lula says, "because oil makes them so dependent on one another...