Shannon K. O'Neil

Latin America's Moment

O'Neil analyzes developments in Latin America and U.S. relations in the region.

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Showing posts for "Brazil"

Election Day Roundup

by Shannon K. O'Neil
People wait to vote at Good Shepherd Methodist Church during the U.S. presidential election in Kissimmee, Florida People wait to vote at Good Shepherd Methodist Church during the U.S. presidential election in Kissimmee, Florida (Scott Miller/Courtesy Reuters).

As Americans vote today, a record 23 million Latinos can head to the polls. Here is a roundup of the candidates’ stated views on immigration, regional security, and trade with Latin America—issues that are often of direct interest for this growing voter bloc, but also will more generally affect all Americans over the next four years. Read more »

Evolution of Latin America’s Economies

by Shannon K. O'Neil

I’ve been looking recently at the structural changes in many of Latin America’s economies (through the evolution of their exports). The different trajectories are quite striking, as you can see in the graphs below.

Out of Latin America’s biggest economies, Mexico has transformed the most. In the 1980s the manufacturing sector comprised just 10 percent of total exports; today it is over 75 percent. Mexico’s economic diversification and dynamism, especially in the automotive and electronic industries, have held oil at a steady 10-15 percent of exports for the last twenty years, even as oil prices have risen (though, in fairness, production has also declined). Read more »

Latin America Becomes More Competitive

by Shannon K. O'Neil
Brazilian children Alexandre da Costa (L) and Augusto Ribeiro use a computer at Mare slum in Rio de Janeiro (Sergio Moraes/Courtesy Reuters). Brazilian children Alexandre da Costa (L) and Augusto Ribeiro use a computer at Mare slum in Rio de Janeiro (Sergio Moraes/Courtesy Reuters).

The Global Competitiveness Index for 2012-2013 came out this month, ranking 144 countries from around the world on twelve “pillars of competitiveness” (ranging from “basic requirements” such as institutions and infrastructure to more advanced categories such as innovation and business sophistication). In its rankings, Latin America’s countries fell pretty much right in the list’s center, with three countries (Chile, Panama, and Brazil) ranking in the top third, six countries falling in the bottom third (El Salvador, Bolivia, the Dominican Republic, Nicaragua, Paraguay, and Venezuela), and the rest spread throughout the middle. Read more »

The Democratic Platform on Latin America

by Shannon K. O'Neil
A convention-goer stands on the convention floor on the first day of the Democratic National Convention in Charlotte A convention-goer stands on the convention floor on the first day of the Democratic National Convention in Charlotte (Jonathan Ernst/Courtesy Reuters).

This week it is the Democrats who are putting forth their platform, which can be found in its entirety here. Like its Republican counterpart, the platform is heavily focused on domestic issues (most significantly on the middle class and job creation), leaving little ink for the United States’ relationship with Latin America. When the Democratic platform does address its southern neighbors, the emphasis is two pronged: security and economics. Read more »

The GOP Platform on Latin America

by Shannon K. O'Neil
A convention goer wears a button during the second day of the Republican National Convention in Tampa A convention goer wears a button during the second day of the Republican National Convention in Tampa (Eric Thayer/Courtesy Reuters).

With the Tampa Bay Republican Convention underway, the Republican Party platform, in its entirety, has finally found its way onto the internet. The fifty-plus page document touches briefly on all of the hottest election year topics, addressing everything from traditional marriage to Medicare to foreign policy. In regards to Latin America, the Republican Party platform focuses almost exclusively on the two states toward which the GOP has the greatest antipathy: Venezuela and Cuba. Read more »

Latin America: Community Building Across Borders

by Shannon K. O'Neil
Shadows on a slum wall are cast by Nicaraguan immigrants to Costa Rica during a prayer session in the neighborhood of Triangulo de la Solidaridad Shadows on a slum wall are cast by Nicaraguan immigrants to Costa Rica during a prayer session in the neighborhood of Triangulo de la Solidaridad (Juan Carlos Ulate/Courtesy Reuters).

Alongside the tentative formal efforts at economic and political integration, people are also increasingly bringing the region together. A recent uptick in intra-regional movement—through travel, study, and immigration—has allowed Latin Americans to get to know each other better, and in the process bind together both their communities and their economies. Read more »

Latin America: Trading and Investing Together

by Shannon K. O'Neil
Container trucks stand in line as they are stopped on border between El Salvador and Honduras Container trucks stand in line as they are stopped on border between El Salvador and Honduras (Eliana Aponte/Courtesy Reuters).

Economic ties lead Latin America’s integration efforts. Promising some of the greatest concrete benefits—larger markets, improved livelihoods, and enhanced global economic power—leaders and communities alike have tried to integrate the region through three main means: trade, infrastructure, and investment. Read more »

Latin American Integration: Two Hundred Years of Efforts

by Shannon K. O'Neil
A man walks past a banner reading 'Capital of integration' in Caracas A man walks past a banner reading 'Capital of integration' in Caracas (Stringer/Courtesy Reuters).

Latin American integration efforts have been a continuous fixture throughout much of the last century, but in recent years there has been a flurry of new initiatives, with leaders re-emphasizing regional ties. The increasing number of high-profile presidential and ministerial summits have brought renewed promises and commitments to deepen regional political, economic, social, and developmental cooperation, and have spurred the creation of new political and economic bodies tasked with uniting the region. Read more »

Brazil’s Stability is Success

by Shannon K. O'Neil
To match feature BRAZIL-ECONOMY/MIDDLECLASS (Bruno Domingos/Courtesy Reuters). To match feature BRAZIL-ECONOMY/MIDDLECLASS (Bruno Domingos/Courtesy Reuters).

In the most recent July/August issue of Foreign Affairs, many people including Richard Lapper, Larry Rohter, Ronaldo Lemos, and myself respond to Ruchir Sharma’s May/June article “Bearish on Brazil,” which predicted that Brazil’s rise would end as soon as global commodity prices leveled out. In my piece, “Stability is Success,” I argue that while it is true that challenges remain for Brazil, its recent reforms and social programs have helped develop the economy and middle class in such a way that the country will no longer rise and fall solely on the basis of external market fluctuations. Read more »

Foreign Direct Investment in Latin America Hit Record Highs in 2011

by Shannon K. O'Neil
Employees work at the assembly line of Positivo Computers, Brazil's largest computer producer, in Curitiba (Cesar Ferrari/Courtesy Reuters). Employees work at the assembly line of Positivo Computers, Brazil's largest computer producer, in Curitiba (Cesar Ferrari/Courtesy Reuters).

Last year foreign direct investment (FDI) in Latin America continued its surge, topping $150 billion, an all time high for the region. According to the Economic Commission for Latin America and the Caribbean’s report “Foreign Direct Investment in Latin America and the Caribbean,” the inflows climbed 31 percent—the most of any region and three times Asia’s growth rate—and now represent just over 10 percent of total global investment (breaking into the double digits for the first time as well). Read more »