Janio Is Coming: The Return of the Old, Unstable Brazil
Over the last two decades, it seemed like a new Brazil had taken root. A stable, democratic Brazil, one where presidents finished their terms, a vibrant economy lifted all boats, and money more or less retained its value. But now – meu Deus. With every cry for impeachment, with every revelation of the rot at … Read more
Learning the Ropes
In the past decade, China’s expanding engagement with Latin America has captivated the attention of the region and the United States. Most of the focus, however, has been on whether the new trade and investment is good for the region’s long-term development, and whether particular Chinese activities, such as military sales and loans to Venezuela … Read more
Exporting Corruption
In 2008, when I was a Fulbright professor at Nankai University in Tianjin, China, the international school my children attended hired a local contractor to build a new classroom wing. As the building reached completion, the relationship went sour: the construction did not meet the criteria originally agreed upon. As the parties began to fight … Read more
High Inequality
Latin America suffers from both the world’s highest rate of income inequality and from a lackluster economic performance that puts it well behind the growth levels of other emerging regions such as Asia. Could there be a connection? Recent research suggests that high inequality and low social mobility are more than just poor people’s problems: … Read more
