Despite being in the midst of its rainy season, Panama is experiencing one of its driest periods on record. The lack of rainfall means that the Panama Canal—a vital conduit for global maritime trade—is facing severe challenges, with the implications extending beyond Panama’s borders to affect international trade and global supply chains.
The Americas
Earlier this year, the global economy experienced an important milestone that, though it went largely unnoticed, scholars may look back on as a marker of the beginning of a new era, with economic but also geopolitical significance: For the first four months of 2023, Mexico surpassed China as the top trade partner of the United States.
Brazilian President Luiz Inacio Lula da Silva used the recent G-20 Summit to announce that his key focus for Brazil’s G-20 presidency, which begins in December, will be ending global hunger by 2030. Unfortunately, Lula’s other comments at the summit ensured that nobody paid attention to or cared about his agenda for the coming year.