Latin America is not immune to the economic downturn, but, says Jude Webber, with more stable governments and encouragement of foreign investment, the region is perhaps better positioned to deal with it than ever before.
Worried about the economic crisis? Thinking of cutting back? Think again, Argentine president Cristina Kirchner advised this month. Though her words were directed at Argentines afraid of spending in case they lose their jobs in the current fragile climate, it’s a message she and other Latin American leaders have been keen to sell to investors as the fortunes of their recently-booming region have begun to bomb.