Americas Quarterly’s Post

Explore seven thought-provoking essays—five by Latin American authors—discussing the obstacles and reforms needed for a more equitable, sustainable, and resilient global economy. Key topics include a global wealth tax and the importance of international tax cooperation. Dive into these insights to better understand the path toward economic justice. 🔗 https://lnkd.in/eXH3pPdG Want to receive more updates like this? Subscribe to our TAI Weekly. 🔗 https://lnkd.in/gcmKtP_g #GlobalEconomy #TaxReform #EconomicJustice #Sustainability #InternationalCooperation Carnegie Endowment for International Peace Michael Jarvis Eszter Filippinyi Yery Menendez Garcia Cristina Ordóñez Darlington Marange

After an unexpectedly historic colossal victory for the Republicans, analysts examine the likely impact for LatAm. Trump’s election could present a unique opportunity for Latin America. Confronted by economic challenges, political instability, and a position between global powers, the region’s leaders should pursue collaborative mechanisms to create a unified voice. Beyond political differences, this collective leadership could forge strategies to address the Venezuelan crisis, devise responses to the grave impacts of the spread of organized crime, and build common markets and trade strategies as a regional bloc. In a world that appears increasingly polarized and divided, the region must understand that a fragmented, confrontational approach will not advance Latin Americans’ quality of life. The challenge lies in building a true, united bloc. Let us hope that Latin American leaders recognize that, in the shifting global landscape, a common path forward is not only possible but necessary. https://lnkd.in/gincPp8a

Implications of Trump’s Policies Donald Trump's administration marked a significant shift towards inward-looking policies that may have long-term implications for both domestic and global economies. His approach to immigration, characterized by stricter policies, could deter low-wage labor essential for many industries, potentially increasing operational costs for businesses reliant on such labor.. Moreover, Trump's skepticism towards multinational agreements and institutions like the IMF and World Bank may diminish U.S. influence in global economic governance, potentially paving the way for alternative systems led by other nations, such as China

🌐 Emerging powers in Asia, Africa, Latin America, and the Middle East have welcomed Trump's victory, in contrast to reactions of concern from many established powers.   What's fueling this optimism? In their latest for Foreign Policy, Christopher Chivvis and Beatrix Geaghan-Breiner explore what emerging powers hope to gain from Trump 2.0, and what challenges they may encounter. Read it here! 🔗 https://lnkd.in/dQCa5ctn

Financial service firms partnered with EIU have expressed pointed concerns on the US election & its impact on #LatinAmerica investments. Many Latin American and emerging Caribbean economies are disproportionately exposed to developments in the US owing to geographical proximity, a high level of economic integration and widespread migration to the US. The outcome of the US presidential election in November 2024 will be no exception. If the Republican candidate, Donald Trump, wins the #USpresidentialelection, the region will face slower GDP growth, higher inflation, steeper borrowing costs and much more complicated foreign relations- especially with China. Mexico and Central America would be the most vulnerable to dramatic shifts in US policy, but the global implications could be worse.

Many emerging powers are enthusiastic about Trump's election victory. What are they hoping for from America under Trump? How could they be surprised? In Foreign Policy Beatrix Geaghan-Breiner and I explain the trade and political gains many emerging powers are hoping for, along with the negative consequences they might suffer in the emerging geopolitical environment. Look forward to everyone's thoughts and reactions: https://lnkd.in/eACExB_7

Dealing with Trump...again: Managing the relationship with Uncle Sam has been the constant in Canadian foreign policy since before Confederation. With a second Trump presidency, we face the threat of an across-the board 10-per-cent-or-more tariff and a withdrawal of the American defence umbrella. Canada must use the time between now and the inauguration to both clear up unfinished business with the Biden administration and be ready for the Trump administration. Working with the Trump transition team, we need to take the initiative and come up with a new ‘roadmap’, setting out management of the relationship around four baskets: defence and security; trade and investment; energy, environment, and climate; and the border. Dealing with the US requires patience and perseverance. We must resist the temptation to pontificate and preach,We need to keep a vigilant eye on the administration’s agenda, identifying when we can be helpful and when we need to stand up for Canada. It means taking the initiative and coming up with imaginative solutions.

NEW: What would a second Trump term mean for the Americas? A former adviser writes that reviving hemispheric growth through nearshoring and more would be a priority. The core of Trump’s approach to Latin America and the Caribbean was the inextricable link between U.S. national security and mutual economic growth, writes Mauricio J. Claver-Carone. A three-pronged approach to restoring that in a second Trump term would include a focus on the U.S.’s comparative energy advantage, including capacity for liquified natural gas exports. A Trump pro-growth strategy would target the fast-growing smaller countries of the region, like Guyana, Panama, Paraguay, and the Dominican Republic. The Central American Free Trade Agreement would be slated to be "terminated and reimagined," removing the "unmerited U.S. market access that the Ortega dictatorship in Nicaragua currently receives," writes Claver-Carone. And it would create a standalone, Americas-focused Development Finance Corporation, a “better investment for U.S. taxpayers” than existing multilateral institutions. Read the full piece here: #uslatinamerica #uspolitics #elections2024 https://lnkd.in/eNyqXpb2 https://lnkd.in/eNyqXpb2

George Papandreou, an important initiative that, if coordinated across the world's major economies, could partially address one of #oligarchs' two control mechanisms: wealth. Valentina Rodríguez, The Center for the Study of Oligarchs, and I continue to explore this and other ways to reach the proper level of oligarch activity in the global economy and the international order. We're looking forward to accelerating and intensifying this conversation into 2025. De Gruyter Business & Economics De Gruyter Brill Facultad de Ciencias Económicas UNAL Bogotá Universidad Nacional de Colombia University of Baltimore Merrick School of Business University of Baltimore

In June, Americas Quarterly published Mauricio J. Claver-Carone, former senior official in the first Trump administration, on the implications of a second term for Trump for U.S. policy toward Latin America. A second Trump term would focus on reviving hemispheric economic growth through nearshoring and other policies, argues Claver-Carone. Read the full article here: #uslatinamerica #uspolicy #latinamerica https://lnkd.in/eNyqXpb2