Category: Latin America

Americas, History, Latin America, Politics

Militias and the Brazilian Economy

Since the founding of Brazil and its secession from Portugal in 1822 and especially after establishement of the republic in 1889, various groups have operated paramilitary organisations in Rio De Janeiro, known today as militias. To some, these groups are vigilante heroes, ordinary men who choose to stand against the terror of Brazil’s drug gangs and provide the security that Rio’s municipal government fails to … Continue reading Militias and the Brazilian Economy

Unknown's avatarEtonomicsLeave a comment
Americas, Development, Economics, Latin America, Politics

Cuba’s Currency Crisis

How a dual system distorted the economy  For decades, Cuban people lived with two different currencies in their pockets: the CUP (Cuban National Peso) and the CUC (Convertible Peso). However, it was not always this way. Following the collapse of the Soviet Union, the CUC was introduced in order to stabilise the economy—but at what cost? Whilst the implementation of the CUC helped stabilise the … Continue reading Cuba’s Currency Crisis

Unknown's avatarEtonomicsLeave a comment
Economics, Europe, History, International, Latin America

The Evolution of the Spanish Economy

Spain’s economic history has been a tapestry of conquest, exploration, colonization, and change. Over the centuries, the Spanish economy has evolved to take many different forms, from the glory of the Spanish Empire to its weakened state today. In this article, we will take a journey through time and explore the key periods and trends that have shaped Spain’s economic environment.  The Age of Discovery … Continue reading The Evolution of the Spanish Economy

Unknown's avatarAjay PrashadLeave a comment
Development, History, Latin America

Venezuela: A Petrostate’s Fall from Grace and The Exodus of Its People

In 1976, Venezuela’s economy was booming amid an oil crisis, and Caracas (its capital) was one of only four destinations to which Concorde, the fastest and most expensive aircraft of its time, alighted. However, the Venezuela of 1976 is a world away from the Venezuela that is currently under the dictatorship of President Nicolas Maduro. In fact, from the 1950s to the early 1980s, Venezuela … Continue reading Venezuela: A Petrostate’s Fall from Grace and The Exodus of Its People

Unknown's avatarNico Sesson FarreLeave a comment
Finance and Markets, Latin America

El Salvador and Bitcoin

On the 7th of September 2021, El Salvador accepted Bitcoin as a legal tender, joining the USD as the second official currency of the country. This is the first time a nation has accepted Bitcoin or any other cryptocurrency as a legal tender. Nayib Bukele, the 40-year-old Salvadoran president, was described as a “young president trying to capitalise on a popular image” with the Bitcoin … Continue reading El Salvador and Bitcoin

Unknown's avatarCharlie RolloLeave a comment
Jair Bolsonaro giving a speech and waving his finger
Latin America

Brazil – Country of the Future

“Brazil is the country of the future, and always will be”, so goes the adage that has haunted Brazilian citizens for decades. Despite boasting one tenth of the world’s fresh water, untapped forests and significant deposits of precious minerals, the Brazilian economy has struggled to fully employ the natural resources it has been blessed with, leaving many wondering whether it will ever achieve the position … Continue reading Brazil – Country of the Future

Unknown's avatarFelipe DreesmannLeave a comment