Latin America 2019
Transitions, trade and transparency
21 November 2019 | Chatham House, London
Recent elections across Latin America have resulted in political changes with the potential to reset national and regional economic agendas. As Brazil, Colombia, Costa Rica, Mexico, and Paraguay adjust to new leadership, the economic and societal consequences are beginning to unfold. Existing power structures and governments are reacting simultaneously to crises and change, in their pursuit of economic and political stabilization.
Geopolitical competition is also shaping the regions trade and investment fortunes. China’s presence continues to grow in the region, and the United States’ stance on trade is affecting strategies for engagement with the region’s most powerful neighbour; and a post-Brexit UK government is likely to pursue new opportunities for trade and cooperation in the region. Latin America still faces significant fiscal challenges with public sector gross debt close to 65% of GDP, and an average growth rate of 2.2% throughout the 2010s – well below the 3.8% global average.
Improving transparency and good governance and curbing corruption will go some way to attract inward investment and recast the relationship between societies and their leaders, though progress is slow. Meanwhile according to CAF Development Bank of Latin America, economic growth forecasts across Latin America will increase the demand for power by 79% by 2030. As a result, countries are embarking on strategies to diversify their economies, and modernize industries and infrastructure.
In this context, Chatham House will convene leaders from government, the private sector and civil society to look at the political and economic environment across the Latin America region and to address topics including:
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The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.
Andrés Rozental, former Deputy Foreign Minister for Mexico and Mexican Ambassador to UK
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