South And Central America
Like North America and Africa, the region is blessed with ample natural resources, water and farmland. It features climatic variety and easy access to the oceans. Its countries have avoided participation in major wars. The region is plagued, however, by inefficient governance and a lack of fiscal discipline, which has led to political instability, corruption and abrupt regime changes.
Reports on South And Central America See all →
Crises put Chile’s free-market consensus in danger
The Covid-19 crisis offered embattled Chilean President Sebastian Pinera a lifeline after months of protests had rocked his administration. Instead, his mismanagement of the response to the pandemic has nearly led to the collapse of his governing coalition. Now, as the country gears up for a referendum on a new constitution, Chile’s status as a free-market bulwark in South America could be under threat.