The History of Ecuador: George Lauderbaugh

George Lauderbaugh’s The History of Ecuador is a general survey of the country from pre-Colombian times to the present. In addition to biographical sketches of illustrious Ecuadorians, he focuses on three economic booms since 1890, the cacao boom of 1890—1914, the banana boom between 1948—1960, and the oil boom from 1970—1992. CitationLauderbaugh, George. The History… Read More The History of Ecuador: George Lauderbaugh

Mining for the Nation: Jody Pavilack

When Chile granted literate men over the age of 21 the right to vote in 1925, a new era marked by the rise of mass society had begun.[1] Similar to processes unfolding around the world, the enfranchisement of progressively-larger swaths of Chile’s population in the early-twentieth century upended traditional politics and undermined the economic status… Read More Mining for the Nation: Jody Pavilack

Ecuador’s Protesting Police Lay Siege to President

Nathan Gill and Alex EmerySeptember 30, 2010, 9:00 PM GMT-5 Ecuador declared a state of emergency as hundreds of police protesting wage cuts blocked roads, shut the airport for several hours and sprayed teargas on President Rafael Correa. Venezuelan President Hugo Chavez backed Correa’s claim that he was the target of an organized coup attempt,… Read More Ecuador’s Protesting Police Lay Siege to President

Velasco Says Chile Economic Recovery to Be ‘Vigorous’

By Nathan Gill Oct. 27 (Bloomberg) — Chilean Finance Minister Andres Velasco said the country’s economy should have a “vigorous” recovery after it suffered its worst slump in at least a decade. Forecasts for 2010 economic growth are improving and Chile’s labor market is recovering as consumption expands and demand for the country’s exports grows,… Read More Velasco Says Chile Economic Recovery to Be ‘Vigorous’

Chile to Pause for ‘Prolonged Time,’ De Gregorio Says

By Nathan Gill Oct. 20 (Bloomberg) — Chilean central bank President Jose De Gregorio said policy makers will keep the overnight lending rate at its record low for a “prolonged time.” De Gregorio has said he plans to hold borrowing costs down in an effort to stoke economic expansion faster than 4.5 percent, which would… Read More Chile to Pause for ‘Prolonged Time,’ De Gregorio Says

Codelco Won’t Sell Bonds This Year, May Start in 2010

By Nathan Gill Oct. 8 (Bloomberg) — Codelco, the world’s largest copper producer, said it won’t tap bond markets this year after Congress approved a bill to provide $1 billion in financing. Codelco may look to sell bonds from next year, Chief Executive Officer Jose Pablo Arellano told reporters today in Santiago. The company will… Read More Codelco Won’t Sell Bonds This Year, May Start in 2010

Chile Reduces Estimate for This Year’s Budget Deficit

By Sebastian Boyd and Nathan Gill Oct. 7 (Bloomberg) — Chile’s budget deficit will be smaller this year than earlier forecast as rising copper prices trimmed the projected shortfall in tax revenue. This year’s budget deficit will be about 3.6 percent of gross domestic product as government income falls 22 percent short of initial projections,… Read More Chile Reduces Estimate for This Year’s Budget Deficit

U.S. Needs to Open Up Trade Relations With Cuba, Locke Says

By Nathan Gill Sept. 29 (Bloomberg) — The U.S. needs to open up trade relations with Cuba, said U.S. Secretary of Commerce Gary Locke. President Barack Obama believes the U.S. needs to “open up our trade relations and our exchange of people and travel and that many of the restrictions with Cuba need to be… Read More U.S. Needs to Open Up Trade Relations With Cuba, Locke Says

Chilean Bank Quadruples Its Contribution to IMF Fund

By Nathan Gill Sept. 24 (Bloomberg) — Chile’s central bank said it quadrupled the amount of special drawing rights it is prepared to lend to the International Monetary Fund. Chile, the only Latin American country participating in the IMF’s emergency credit line known as the New Arrangements to Borrow, increased the amount of rights, an… Read More Chilean Bank Quadruples Its Contribution to IMF Fund

Peruvian Economy Has Reached ‘Point of Inflexion,’ Central Bank President Says

By Nathan Gill Sept. 18 (Bloomberg) — Peruvian central bank President Julio Velarde said the country’s economy has reached a “point of inflexion” after it shrank the most in eight years in June. Rebounding demand in Peru and overseas will probably push the economy to 3.2 percent growth in the second half of 2009, and… Read More Peruvian Economy Has Reached ‘Point of Inflexion,’ Central Bank President Says

Peru’s Economy Shrank 1.4% in July From Year Earlier

By Nathan Gill Sept. 15 (Bloomberg) — Peru’s economy contracted for a second month as demand for the South American country’s fishing, manufacturing and metal exports fell. Gross domestic product fell 1.4 percent in July from the same month a year earlier, after a 2.1 percent year-on-year decline in June, the government statistics agency said… Read More Peru’s Economy Shrank 1.4% in July From Year Earlier

Chile Economists Forecast 0.4% Inflation in September

By Nathan Gill and James Attwood Sept. 10 (Bloomberg) — Chilean consumer prices will rebound in September after declining in eight of the 10 previous months, according to economists in a monthly central bank survey. Prices will rise 0.4 percent in September from a month earlier, according to the median forecast of 28 economists in… Read More Chile Economists Forecast 0.4% Inflation in September

Chile Finance Minister Velasco Says Economy Stabilized, Will Improve

By Nathan Gill Aug. 21 (Bloomberg) — Chilean Finance Minister Andres Velasco said the country’s economy has touched bottom and will show improvement in the third quarter as it emerges from its deepest recession in over a decade. The contraction of Chile’s gross domestic product, which began last year and has seen consecutive quarters of… Read More Chile Finance Minister Velasco Says Economy Stabilized, Will Improve

Chile Economy Showing Signs of Recovery, Finance Minister Velasco Says

By Nathan Gill and Sebastian Boyd July 23 (Bloomberg) — Chile’s economy may be starting to recover from its slump as extra government spending spurs growth, Finance Minister Andres Velasco said today. Velasco has spent more than $4 billion this year on tax cuts and extra outlays. He will pull $8 billion from Chile’s offshore… Read More Chile Economy Showing Signs of Recovery, Finance Minister Velasco Says

Latin America Ministers Urge More Money for Lenders

By Sebastian Boyd and Nathan Gill      July 3 (Bloomberg) — Finance ministers from North and South America meeting in Chile agreed to push for more financing for multilateral lenders such as the World Bank and the Inter-American Development Bank, Chile’s Andres Velasco said.      The IDB’s board may agree to vote for a capital… Read More Latin America Ministers Urge More Money for Lenders

Carstens Sees No Reason for Mexico Credit Rating Cut

By Nathan Gill and Jens Erik Gould      July 3 (Bloomberg) — Mexican Finance Minister Agustin Carstens said the country doesn’t have debt problems and there’s no reason for rating companies to cut its credit rating.      “We have a strong economy. We don’t have any external payment problems,” Carstens told reporters today at a… Read More Carstens Sees No Reason for Mexico Credit Rating Cut

Chile Construction May Be Near Bottom, Chamber Says

By James Attwood and Nathan Gill      June 17 (Bloomberg) — Chile’s construction industry may bottom out next quarter as unemployment in the industry peaks at 21 percent, about double the national rate, according to the country’s Chamber of Construction.      “In October we were falling without a parachute, and now we’re falling slowly,” Chairman… Read More Chile Construction May Be Near Bottom, Chamber Says

Chile Teachers March on Capital on 16th Day of Strike

By Nathan Gill      June 2 (Bloomberg) — Thousands of Chilean public school teachers marched in the capital on the 16th day of a nationwide strike to press their demands for what they say are unpaid bonuses.      More than 5,000 teachers traveled to Santiago for the protest, said Jaime Gajardo, president of the Chilean… Read More Chile Teachers March on Capital on 16th Day of Strike

Chile Lending May Rise 2%, Bank Association Says

By Nathan Gill and James Attwood May 5 (Bloomberg) — Bank lending in Chile may increase by 2 percent this year after the economy probably “touched bottom” in the first quarter, said Hernan Somerville, president of the country’s banking association. Chile’s economy may recover in the coming months, ending the year little changed from last… Read More Chile Lending May Rise 2%, Bank Association Says

Chile Police Use Teargas to Break Up Strike Protests

By Nathan Gill and Sebastian Boyd April 16 (Bloomberg) — Chilean police used teargas and water cannons to break up demonstrations in Santiago as unions called a national strike to protest layoffs and demand higher taxes on the rich. About 12,000 people marched today in support of the strike, according to Radio Cooperativa. Chile job… Read More Chile Police Use Teargas to Break Up Strike Protests