Latin America (6do encyclopedia)



Latin America is a vast and diverse region located in the western hemisphere of the world, comprising numerous countries with unique cultures, economies, and histories. Stretching from the southern border of the United States to the southern tip of South America, this region is home to over 620 million people and boasts an impressive array of landscapes, ranging from the snow-capped Andes mountains to the tropical beaches of the Caribbean.

From the earliest civilizations to contemporary society, Latin America has been shaped by a rich blend of Indigenous, European, and African influences, giving rise to a vibrant and multicultural society. In this article, we will delve into some of the key aspects of Latin America, including its history, geography, economy, culture, and politics.

History

Latin America has a complex and layered history that dates back thousands of years. Before the arrival of the Europeans in the late 15th century, the region was home to numerous Indigenous peoples, including the Aztecs, Mayans, Incas, and many others. These Indigenous cultures were rich in history, art, and philosophy and contributed greatly to the region’s development.

However, the arrival of the Europeans had a profound impact on the region’s people and history. As Spanish and Portuguese settlers established colonies throughout the region, they brought with them new technologies, languages, customs, and beliefs. Over time, these European influences merged with Indigenous culture and gave rise to the distinct, multicultural society we see today.

Despite the many challenges and struggles faced by the region’s people, including the devastating effects of colonization, the legacy of slavery, and ongoing social and economic inequality, Latin America has also seen many inspiring moments of resistance and resilience. From the revolutionary movements of the 19th and 20th centuries to modern-day activist movements, the people of Latin America have long fought for their rights and freedoms.

Geography

Latin America is a vast and diverse region that encompasses numerous countries and territories with varied landscapes and ecosystems. From the rugged mountains of the Andes to the lush rainforests of the Amazon, Latin America is home to a broad range of ecosystems and environments.

One key feature of Latin America is its position along the Pacific “Ring of Fire,” a region known for its high incidence of earthquakes and volcanic activity. This has contributed to the formation of many of the region’s mountain ranges, such as the Andes and the Sierra Madre Occidental.

In addition to its mountains, Latin America also features vast plains, fertile river valleys, and coastal regions that range from the arid deserts of northern Chile to the lush vegetation of the Amazon rainforest. The region is also home to some of the world’s most diverse and fragile ecosystems, including the Galápagos Islands, the Amazon Basin, and the Atacama Desert.

Economy

Latin America has a diverse and rapidly changing economy, with many countries transitioning from developing to developed nations in recent years. While much of the region’s history has been characterized by economic exploitation and underdevelopment, many countries are making strides towards greater prosperity and stability.

One key economic factor in the region is the abundance of natural resources, including minerals, oil, and agricultural products. Many of these resources are exported to other countries, contributing to the region’s overall economic growth.

Another important aspect of the region’s economy is its growing middle class, which is driving increased consumption and demand for goods and services. This trend has been particularly noticeable in Brazil, where a large and upwardly mobile middle class has emerged in recent years.

However, despite these positive trends, Latin America continues to face ongoing challenges in its economic development, including income inequality, corruption, and environmental degradation. Addressing these issues will be critical to ensuring long-term economic stability and prosperity for the region’s people.

Culture

Latin America boasts a rich and diverse cultural heritage, shaped by the many influences of its Indigenous, European, and African roots. From the vibrant art and music scenes of Cuba and Brazil to the intricate textiles and handicrafts of Peru and Mexico, Latin America is renowned for its cultural richness and creativity.

One key aspect of Latin American culture is its embrace of food and drink as a source of joy and community. From the spicy dishes of Mexico to the ceviche of Peru, Latin American cuisine is characterized by bold flavors and fresh ingredients that reflect the region’s natural abundance.

Music is another central element of Latin American culture, with many different styles and genres popular throughout the region. From the samba of Brazil to the reggaeton of Puerto Rico, Latin American music is known for its infectious beats and passionate lyrics.

Religion also plays a significant role in Latin American culture, with the Catholic Church having a strong presence throughout the region. However, Indigenous and African spiritual traditions also play an important role in many countries, adding to the region’s rich tapestry of beliefs and practices.

Politics

Latin America has a complex and varied political landscape, with many countries transitioning from authoritarian regimes to democratic governments in recent years. While many challenges remain, such as corruption, inequality, and political instability, the region has made significant strides towards greater political freedom and accountability.

In recent years, left-leaning governments have gained power in many countries, such as Venezuela, Bolivia, and Ecuador, advocating for greater social justice, environmental protection, and economic reform. However, these governments have also faced criticism for their authoritarian tendencies and lack of respect for human rights.

In other countries, such as Brazil and Mexico, more centrist and conservative governments have come to power, promising to prioritize economic growth and stability. However, these governments have also faced significant challenges, such as the ongoing drug wars in Mexico and the corruption scandals that have rocked Brazil’s political establishment.

Conclusion

Latin America is a fascinating and complex region that spans continents, cultures, and histories. From the Indigenous civilizations of the past to the vibrant and diverse cultures of the present, Latin America is a vast and multifaceted place that continues to evolve and advance.

While many challenges remain, such as poverty, inequality, and political instability, Latin America also boasts immense potential and promise. By continuing to nurture its unique heritage and embrace its cultural richness, Latin America has the opportunity to create a brighter, more sustainable future for its people and the world at large.


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Rare good news from Credit Suisse with debt-for-nature swap deal

Financial Times

23-05-15 11:19


Credit Suisse has been making a name for itself as an unlikely champion of green innovation, thanks to innovative deals that repackage emerging market debt in exchange for promises to protect biodiversity. The bank bought $1.6bn of Ecuadorean government debt and then, with insurance and guarantees from the Inter-American Development Bank and the US International Development Finance Corporation, used a special purpose vehicle to swap the bonds for a smaller loan with Ecuador at lower cost with part of the funds set aside for marine conservation in the Galápagos. The deal is the biggest ever debt-for-nature swap. Calpers, the US's biggest pension plan, is also focusing on tackling greenwashing and increasing transparency on climate risks through better data collecting, as part of its drive to fulfill its obligation to make sure the markets price climate risks appropriately. CEO Marcie Frost expressed caution over divestment from oil businesses arguing that the most effective approach for Calpers was "to be in with the companies".

https://www.ft.com/content/66f038ce-292d-4425-af2d-5b6a1592f415
Fans went to admire El Salvador’s gang crackdown — and got arrested

Washington Post

23-05-15 09:00


El Salvador's Naib Bukele is credited with having dropped the country's murder rate by more than half since taking office last year and many Latin American countries now see him as a force for change. However, this Washington Post article posits, there's a darker side to the almost hero-worship the president is attracting, with arrests for curfew violations and body art and scant regard for due process a concern for human rights advocates. Adding weight to these concerns is the fact that press freedom and the independent judiciary have diminished. Foreign intervention has contributed to a cycle of violence in Central America. Billions of dollars of US aid have been given to strengthen law enforcement locally, but the constant flow of drugs and arms from the north means crime rates have remained stubbornly high. Additionally, increasing numbers of third-country migrants are seeking asylum in the US – numbers that surged to around 400,000 last year. Trump has cut many of the grants; and several Latin American countries – many already struggling with the impact of climate change and widespread poverty – have already suffered for the loss of aid. El Salvador's ambassador to the US, appropriately named Ronald Johnson, recently told the Washington Post's Foreign Policy magazine: “A country receives foreign aid because it needs it; aid is the result of the donor recognizing that the country does not have the means to address a particular need. For the US not to recognize that there continues to be a real need in El Salvador is just plain wrong.”

https://www.washingtonpost.com/world/2023/05/15/bukele-gang-crackdown-salvador/
Climate change imperils coffee. A rescue plan is brewing in Vietnam.

Washington Post

23-05-15 06:00


In light of climate change, robusta coffee beans are becoming increasingly important. In Vietnam, robusta plants enjoy high yields and are more resilient to temperature fluctuations than arabica. The majority of Vietnam’s coffee production is made up of robusta, but Australian and Brazilian coffee chains are also taking up the non-arabica bean to hedge against global coffee shortages. Beyond high quality robusta coffee made with new methods, researchers are investigating robusta varieties to create new “super coffee” which they hope will be highly resistant to climate threats.

https://www.washingtonpost.com/world/2023/05/15/coffee-arabica-robusta-liberica-coffee/
Coldplay adds second Perth concert following unprecedented demand

The Sydney Morning Herald

23-05-15 05:07


Coldplay has added a second concert to its Music of the Spheres world tour at the Optus Stadium in Perth in response to high demand for presale tickets. The iconic band sold more concert tickets in 2022 than any other artist and broke attendance records all over the world. The tour has sold more than six million tickets across North America, Europe, and Latin America since it began in March 2022. The Australian-exclusive performance will be promoted with hotel packages designed to encourage visitors to remain in the area for longer. The concert will take place on 19 November 2023.

https://www.smh.com.au/national/western-australia/coldplay-adds-second-perth-concert-following-unprecedented-demand-20230515-p5d8ij.html
Why America Is Struggling to Stop the Fentanyl Epidemic

Foreign Affairs

23-05-15 04:00


The US government is struggling to stem the flow of fentanyl into the country as the synthetic opiate continues to cause drug overdose deaths. More than 100,000 Americans have died in the year to August 2022. Fentanyl kills around 200 Americans daily. While the US Department is deploying law enforcement personnel to tackle drug smuggling, the majority of the drug is produced abroad, so controlling its manufacture is essential. Nearly all of the world's fentanyl, and its precursor chemicals, are produced in China and Mexico, which have made it difficult for the US authorities to take effective action.

China has appeared to avoid action against Chinese drug traffickers. Meanwhile, López Obrador, the President of Mexico, believes the way to solve the drug distribution dilemma is through social and economic reform. The government has also strengthened the military to deal with drug issues and reduced cooperation with US law enforcement, while threatening to expel US agents from the country.


https://www.foreignaffairs.com/mexico/why-america-struggling-stop-fentanyl-epidemic

UN chief in Jamaica urges international response to Haiti’s spiraling crisis

Associated Press

23-05-15 23:27


UN Secretary-General Antonio Guterres has urged the international community to respond to Haiti’s “tragic situation” as warring gangs continue to gain control of the country. Guterres warned that the situation is now threatening the region’s security and beyond as no country has come forward to address the crisis, even though Haiti called for an immediate deployment of an international force to deal with the escalating gang violence. More than 840 people have been killed in the first three months of 2021, with more than 600 murdered in one month alone according to the UN.

https://apnews.com/article/jamaica-haiti-un-violence-662c92ffaf718e1d64f9e0399ccb2544
US Virgin Islands says it can’t find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

Associated Press

23-05-15 23:02


The US Virgin Islands government is seeking to serve a subpoena on Tesla because it has not been able to access billionaire Elon Musk, or his lawyers, in a lawsuit relating to damages incurred by sex trafficking committed by Jeffrey Epstein through JPMorgan Chase. Lawyers asked a Manhattan judge to allow them to serve the subpoena on Tesla because they have tried to deliver it to Musk since 28 April without success.

https://apnews.com/article/jpmorgan-musk-epstein-lawsuit-bd53a39e1329e4616c84762a61552032
EU top diplomat calls on bloc to court developing countries

Financial Times

23-05-16 05:18


The EU's chief diplomat, Josep Borrell, has called for a tailored approach to reaching out to countries in the developing world, and has urged the EU to accept that these countries will not take sides in disputes such as that between Russia and Ukraine. Borrell's comments come ahead of a G7 summit in Japan, a meeting that will aim to persuade developing countries to align themselves with the G7 in condemning Russia's actions. Borrell added that Europe would need to work hard to gain the trust and respect of developing nations.

Research suggests that Europe’s desire to plough billions of dollars into gas infrastructure banks on a future that may not materialise. Even if energy becomes cheaper, gas consumption is set to fall in Europe, with the fossil fuel infrastructure being seen as unnecessary by 2030 by some. The push towards renewables due to environmental concerns will coincide with a reduction in gas consumption, which could decrease by almost a third in a low price scenario. Politicians have argued that much of the gas infrastructure can be converted for use in the production of green hydrogen produced by renewable power, however, engineers have warned this may not be a cost-effective investment.


https://www.ft.com/content/c87a3208-8816-4144-860a-4a27d6f5baeb

UN refugee official: Darien Gap crossings on pace to hit record

Reuters

23-05-16 04:25


The number of migrants crossing through the dangerous Darien Gap area between Colombia and Panama on their way to the US could reach record levels, according to a senior UN refugee official. This comes despite US officials noting a decrease in arrivals at the southern border with Mexico. According to official Panama data, the number of Darien crossings has risen six-fold during the first four months of 2021, underscoring the challenge of curbing migration. Kelly Clements, UN Deputy High Commissioner for Refugees, expressed support for a regional approach to migration, which would involve other countries taking in asylum seekers until the US responds.

https://www.reuters.com/world/americas/un-refugee-official-darien-gap-crossings-pace-hit-record-2023-05-16/
Are killer ro­bots the fu­ture of war?

Al Jazeera

23-05-16 03:08


Killer robots, driven by developments in artificial intelligence (AI), are transforming the future of conflict and prompting intense debate over the ethical, legal, and technological implications of their use. While many nations have invested heavily in developing lethal autonomous weapons systems (LAWS), including China, Iran, Israel, South Korea, the UK, and the US, global consensus over their use and regulation remains elusive. A report from the United Nations suggests that the Turkish-made Kargu-2 drones marked a new era in warfare as they attacked combatants in Libya in 2020 without an officer directing the attack or a soldier pulling the trigger. A blanket ban on autonomous weapons systems does not currently look likely, but there is a growing call for regulation, with some experts suggesting a global taboo of the kind in place for chemical weapons.

Advocates suggest that autonomous weapons systems could eliminate human error and bias, reduce accidental human casualties, and carry out some battlefield tasks without endangering human soldiers. However, critics argue that machines that make life and death decisions must not be allowed in the field without human oversight. There are ethical concerns over emotionless machines making such decisions, and it may be challenging to determine who is accountable if a robot commits a war crime. The international community has yet to agree on a definition of autonomous weapons systems and may struggle to achieve global consensus on how to approach their regulation.

As autonomous weapons become increasingly sophisticated and are deployed on the battlefield, the potential implications of their use on international law and ethics and their impact on human rights remain unclear. Countries such as Russia have already expressed their objections to legally binding instruments, and more research is needed to determine what types of weapon or scenario are particularly problematic. While researchers suggest that the beneficial technology used in autonomous weapons systems could improve car safety systems, trying to put control measures in place once a device is operational is difficult. A two-tier set of regulations could be more realistic, with some systems prohibited and others allowed only if they meet a strict set of requirements.


https://www.aljazeera.com/features/2023/5/16/are-killer-robots-the-future-of-war

Ecuador’s president set to face impeachment trial

Financial Times

23-05-16 09:19


Ecuador's president, Guillermo Lasso, is facing impeachment proceedings related to embezzlement charges and is due to appear before lawmakers. Lasso, who denies the charges, needs supermajority support from at least 92 out of the 137 lawmakers to survive the impeachment process, with a vote expected at the weekend. A host of political factions have now been garnered to present him with significant opposition. If he loses the vote, he would become the latest in a series of Latin American presidents to be ousted in recent years.

https://www.ft.com/content/bc637693-e4a3-478e-afc8-3a8649921c9c
Barclays technology banker joins Citigroup

Reuters

23-05-16 20:49


Ed Wehle, a senior technology banker at Barclays, has resigned to join Citigroup in New York. Following an investment banking career spanning three decades, Wehle will become Citigroup's global head of technology services. The move marks a return to Citi for Wehle, having previously worked for the company before joining Barclays in 2018 from Deutsche Bank.

https://www.reuters.com/business/finance/barclays-technology-banker-joins-citigroup-2023-05-16/
UN says prospects dim for robust global economic recovery despite uptick for US, EU and China

Associated Press

23-05-16 19:36


The United Nations Department of Economic and Social Affairs has predicted a slight uptick in financial growth rates for China, the European Union and the US, but warns the global economy will remain weak owing to a number of factors, including inflated pricing and the ongoing impact of COVID-19. The body flagged stubbornly high inflation rates, alongside credit squeezes and environmental factors, as negatively impacting growth in emerging markets. While revised projections indicate a 2.3% rise in the world GDP in 2023, this is far below a 3.1% increase experienced in 2022.

https://apnews.com/article/united-nations-world-economic-forecast-a3d149f4ee0f616772667b19a70d6cfd
‘Halt button’ hit on drilling in US oil and gas slowdown

Financial Times

23-05-17 04:21


Two drilling rigs, valued at $40m and $30m but unbought since 2019, are being auctioned off by Texas-based Kruse Asset Management at heavily discounted starting prices of $12.9m and $2.3m respectively, following the oversupply of drilling equipment. The oversupply signals that the US shale energy industry has reached peak drilling, responding to the demand from Wall Street that surplus cash be spent on shareholders following falling commodity prices.

https://www.ft.com/content/d66f640c-babf-48e2-b13f-75006df3bc53
She killed the man raping her. Now Mexican woman faces 6 years in prison

The Toronto Star

23-05-17 03:25


A Mexican woman who killed a man in 2021 while defending herself from him attacking and raping her has been given a sentence of over six years in prison for homicide with “excessive use of legitimate defense,” in what her legal defence called a “discriminatory” decision that will be appealed. While the court found that Roxana Ruiz had been raped, it stated that hitting the man in the head would have been enough to defend herself, and ordered her to pay over $16,000 to the dead man’s family. Women’s rights groups have accused Mexican authorities of failing to judge cases with a gender perspective.

https://www.thestar.com/news/world/americas/2023/05/16/she-killed-the-man-raping-her-now-mexican-woman-faces-6-years-in-prison.html
Barranquilla shakes off industrial past in bid to protect biodiversity

Financial Times

23-05-17 03:19


More than 120 Latin American cities, including Barranquilla in Colombia, are participating in an initiative by the World Economic Forum called BiodiverCities by 2030. It is aimed at encouraging development that promotes the natural world and outside activity, and has emerged as the Colombian city undergoes a transition away from an industrialised past. Mayor Jaime Pumarejo, who filed a lawsuit against the Colombian government demanding greater protection for the Magdalena river, is continuing to develop sustainable projects – including the Magdalena riverfront known as the Gran Malecón, the north-west wetlands, and parks through the Todos Al Parque programme. Of Barranquilleros, 93% now live within an eight-minute walk of a park. Investment in nature-based projects for developing infrastructure could create more than 59 million jobs globally by 2030. Pumarejo has also signed an agreement with the Danish firm Copenhagen Infrastructure Partners to develop a 350MW offshore wind project.

https://www.ft.com/content/a745faac-5c1d-44e1-ab43-a69119151ad3
Here’s What to Watch for at the G-7 Summit in Japan

Bloomberg

23-05-18 00:42


Leaders of the G7 countries – the US, Japan, Germany, France, the UK, Italy and Canada – face several challenges as they gather in Hiroshima. The global economic outlook is unstable, while Russia continues its actions in Ukraine and China expands its economic and strategic growth. The G7 will need to address several issues, including enlisting middle countries such as those in Africa, and addressing China without creating undue confusion. Moreover, with concerns around nuclear proliferation and use re-emerging, the monitoring architecture of nuclear arsenals needs to be maintained to avoid future use of nuclear weapons. Finally, as global temperatures continue to rise and heatwaves become deadlier, coordinated responses and the regulation of cryptocurrency will become increasingly important.

https://www.bloomberg.com/news/articles/2023-05-18/g7-summit-in-japan-key-issues-from-china-and-russia-to-us-debt-ceiling?srnd=next-china
Mexico's Kavak sets sights on capturing 5% of Colombia used-car market

Reuters

23-05-17 23:40


Mexican start-up platform Kavak has opened a 16,900-sq-m vehicle reconditioning plant in Colombia, investing $2.1m, with the aim of claiming at least 5% of the country's used-car market. The plant has capacity to process 2,500 cars per month. Kavak started operations in Colombia with an investment of $40m in March 2022. The platform currently has a catalogue of about 500 vehicles in the country but aims to capture 5% of the 1.2 million used cars sold annually in Colombia, meaning selling more than 5,000 vehicles a month in the future.

https://www.reuters.com/business/autos-transportation/mexicos-kavak-sets-sights-capturing-5-colombia-used-car-market-2023-05-17/
Powerful earthquake shakes deep beneath Guatemala, with no immediate reports of damage

Associated Press

23-05-17 23:35


A 6.4 magnitude earthquake was recorded in Guatemala, with the epicenter located near Canilla, a town 120 miles north of the capital. The quake struck at a depth of 158 miles and while people in the capital experienced the temblor, there have been no reports of injuries or damage.

https://apnews.com/article/guatemala-earthquake-a7f91f7282ac227aa117bad96ec6daf6