Americas Articles

Don Drummond is the Matthews Fellow on Global Public Policy at Queen’s University at Kingston. From 2000 to 2010, he was the Senior Vice President and Chief Economist for TD Bank Financial Group. In March 2011, he was appointed Chair of the Commission on the Reform of Ontario’s Public Services. 

When Canada is mentioned in the international business press, it is often mentioned in a positive light. We read about Canada’s sound banking system and relatively low public debt or we hear about its GDP and employment growth that has outstripped other G7 countries. But could you give us a more complete picture? What is going well in Canada’s economy and what is going not-so-well?

By Winston Gee  |  February 17, 2012  |  1

President Cristina Fernández Kirchner has reason to be optimistic. The first female president of Argentina is very likely to be competing for reelection in October and the latest opinion polls show that she is significantly more popular than her political rivals. Although the President’s popularity has taken dips in the past and her political career has seen its share of scandal, the government has been able to quickly recover its levels of popular approval. In 2009, President Kirchner achieved only slightly more than 30 percent approval in opinion polls; however, in a more recent Ipsos-Mora y Araújo poll, 65 percent of those interviewed described the presidential image as “good,” or even “very good.”

By Maria Shen  |  January 12, 2012

In June, the president of the Bolivarian Republic of Venezuela, Hugo Chávez, traveled to Cuba for emergency surgery. A month later, the announcement that he was undergoing cancer treatment threw the apparent hegemony of his revolution into disarray and began to cast doubts on the future of his radical social agenda. Since then, updates concerning his health have been scarce, leading to rife speculation as to the exact nature of his illness and his political future. As Venezuela faces its greatest period of political uncertainty in close to a decade, the debate over the influence of 21st century Latin American socialism and its emblematic leader rages more intensely than it ever has.

By Alex Durand  |  January 12, 2012

Over the past 20 years, Chile has established a successful social democracy in which public policies complement and temper market forces. Economic growth and targeted social policies have led to a major reduction in poverty, while other reforms have improved the judicial system and expanded cultural liberties.

By Richard Lagos  |  December 24, 2011

During the early months when Occupy Wall Street maintained tent cities in lower Manhattan and other metropolitan areas around the country, the occupations attracted an array of young counter-culturalists and itinerant radicals. To many people seeing the images of the encampments on the news, it looked like a motley assembly, not something out of the American mainstream.

But while some of the images of Zuccotti Park that defined Occupy Wall Street in its infancy may have appeared to depict a fringe, the movement as a whole is far bigger than any of its encampments. In truth, the Occupy movement is a protest against a broken economic compact that reaches into the very middle of America and that is resonating in other parts of the world as well.

By Amy Dean  |  December 24, 2011

At the 2010 FIFA World Cup in South Africa, the musician Shakira’s catchy lyrics, “This time for Africa,” rang true with the success of the Cup. Now, as the football-enthused nation of Brazil prepares to host the next World Cup in 2014, a similar question arises: is it time for Brazil? Like South Africa, Brazil faces many economical and structural issues to be resolved in preparation for the World Cup. It remains to be seen if the Cup will give the Latin American nation a moment to shine or if it will exacerbate realities of structural insufficiency and corruption.

By Katie Vinton  |  April 19, 2011
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Resilience to the global crisis, improving debt profiles and declining macroeconomic risks, capital inflows and strengthening currencies, low inflation and countercyclical monetary and fiscal policies. Does all that mean that emerging Latin American economies are finally entering into the developed world? Not yet, but some of them are getting closer.

By Eduardo Levy Yeyati  |  March 6, 2011  |  1
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The coca plant, or Erythroxylum coca—the source of cocaine—has long been a controversial crop. Over the past two decades, the United States has pushed for rigorous coca eradication policies in Latin America to stem the supply of illicit cocaine to US soil. Yet for thousands of rural coca growers, this cash crop is a source of medicine, and more importantly a means of survival. As a result, they have led a series of violent resistance efforts against eradication. These domestic problems have been especially acute in Bolivia, the poorest country in South America but also the world’s third largest producer of coca.

By Nancy Xie  |  March 6, 2011

Margaret Spellings served as the Secretary of Education in the second Bush Administration and is currently a fellow at Harvard Kennedy School’s Institute of Politics.

Q: Until not too long ago, French and Spanish were the only two foreign languages available in US public schools. How important is it to expand the selection in the globalizing world?

A: Very, very important. I have visited a high school Mandarin Chinese class; we are starting to see more and more of those and Arabic classes, too. You bet we need more of that.

By Margaret Spellings  |  December 23, 2010

Eduardo Frei Ruiz-Tagle was president of Chile from 1994 to 2000. He is currently a Senator for the Los Ríos Region.

By Eduardo Frei Ruiz-Tagle  |  December 23, 2010