Editor’s Note: Guest columnist Edward Alden is filling in for Kimberly Ann Elliott. Along North America’s 49th parallel, where it meets the Pacific Ocean, a huge white stone arch stands on the border between the United States and Canada. Called the Peace Arch, it was built in 1921 to commemorate the resolution of boundary disputes that dated back to the War of 1812. Inside the arch, there is an iron gate attached to both walls, and an inscription that reads, “May these gates never be closed.” Since March 21, in an effort to stop the spread of the coronavirus, the […]
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In December 2019, a new Argentine president was sworn in amid considerable upheaval, promising to wrest the country from its endless cycles of boom and bust. His predecessor’s efforts to reform the economy and finally unleash the country’s great potential had to come to naught. On almost every economic indicator, Argentina was actually worse off than when he had taken office four years before and, once again, the country faced the dreaded specter of foreign debt default. Though that brief summary refers to the presidential transition from Mauricio Macri to Alberto Fernandez, change the names and dates and this could […]
While the health impacts of the coronavirus pandemic have been primarily endured by elderly populations, there is increasing recognition that young people will disproportionately absorb the economic and social impacts. One study, conducted in April and released last month by the International Labor Organization, found that the pandemic had caused one in six young people to lose their jobs, as well as a 23 percent average reduction in working hours for those still employed. Within this “lockdown generation,” as the ILO calls them, the situation is especially dire for women, ethnic minorities and migrant workers. Tedros Adhanom Ghebreyesus, the director-general […]
When preliminary results in Bolivia’s election last October showed that longtime President Evo Morales had narrowly won a controversial fourth term in office, it provoked a national outcry. The tabulation of the vote count, which initially showed a dead heat, had been halted on Election Day, only to resume a day later with Morales having jumped into the lead. The Organization of American States quickly issued a statement denouncing the “inexplicable change” in results that “drastically modifies the fate of the election and generates a loss of confidence in the electoral process.” Violent mass protests then erupted, fueled in part […]
The global, rules-based trading system that the United States helped to create after World War II is in deep trouble. President Donald Trump had already spent the past three years sparking trade wars and undermining the World Trade Organization. Then, the COVID-19 pandemic struck, hammering economies and sharply reducing trade flows worldwide. Panicked governments, including in Washington, have imposed export restrictions on critical medical supplies and, in some cases, food. To make things even worse, the White House has blocked the normal process for settling trade disputes, just when it is needed most. Because of the concerns about hosting large […]
A recent history of natural disasters and its longstanding dependence on tourism have left the Caribbean extremely ill-prepared to address the economic effects of COVID-19. Caribbean economies were already highly indebted after calamities ranging from hurricanes to earthquakes to the destructive effects of higher sea levels stemming from climate change in the past few years. Those natural disasters have left most of the region’s economies with poor and declining credit ratings, limiting their borrowing capacity and their ability to mobilize resources against the pandemic. And if it hasn’t already, the sharp drop in tourism stemming from the pandemic will undoubtedly […]
Some of Latin America’s most serious challenges—violent crime, drug trafficking, economic inequality and public corruption—all have one thing in common: money laundering. In Mexico alone, the government’s Financial Intelligence Unit reported that drug cartels and other illicit actors laundered an estimated $50 billion in 2019— crucial revenue for cartels that has also contributed to Mexico’s record-high homicide rate in recent years. Money laundering has helped Brazilian gangs like the Primeiro Comando da Capital, or First Capital Command, expand their criminal networks into neighboring Paraguay and Bolivia. In Venezuela, it has enabled a dramatic theft of public resources by officials tied […]
Pity the U.S. officials in charge of planning this year’s Group of 7 summit. President Donald Trump initially planned to convene the annual summit at his own private golf resort in Miami. When this bit of self-dealing elicited bipartisan blowback, he shifted the site of the meeting, originally scheduled for this week, to Camp David. Then COVID-19 intervened, and the White House announced plans for a virtual summit, only to have Trump propose on May 20 that the leaders would gather in person after all. When German Chancellor Angela Merkel demurred, the peeved president pivoted again. On May 30, without […]
When the Revolutionary Armed Forces of Colombia, or FARC, agreed to demobilize as part of Colombia’s landmark 2016 peace agreement, it ended 50 years of armed conflict. It also left the Colombian army without its chief adversary. The country still faces internal armed threats, like the smaller guerrilla group, the National Liberation Army, and about 10,000 fighters are scattered across dozens of smaller militias, some of them led by former FARC members. But for Latin America’s largest army, the adjustment has been fraught with difficulty. The army built up a formidable intelligence apparatus during the country’s decades of internal conflict, […]
Long before the upheaval of the coronavirus pandemic, President Donald Trump’s ideas for hosting this year’s summit of the Group of Seven in the United States had created turmoil and controversy. His plans have only gotten more disruptive and divisive in recent days. The meeting of the club of major industrialized nations was supposed to happen on June 10, but the guest list, date and format of the summit are all still undecided. Instead of a showcase for the president and the country, America’s turn to hold the annual gathering of the G-7 has so far turned into another series […]