Have a confidential tip for our reporters? As Ecuadorian protesters infuriated by rising fuel prices invaded government offices and oil fields, the president and his administration fled the capital, warning of a coup. History of Latin America - History of Latin America - New order emerging, 1910–45: The advances in economic growth and political stabilization that were evident in most of Latin America by the early 20th century came up against an array of challenges as the century wore on. In Venezuela, more than 4 million people have fled hunger, political repression and a dysfunctional economy under Nicolas Maduro. That leaves leaders in the tight spot of needing to cut back yet knowing that doing so is likely to spark political upheaval or even their ouster. Argentina, meanwhile, is back in the grip of capital controls after voters revolted against President Mauricio Macri’s budget-cutting agenda and handed his opponents a commanding lead ahead of presidential elections on Oct. 27. For outsiders, much of the discussion of COVID-19 in Latin America has focused on Brazil and the errors of President Jair Bolsonaro. Concern Over Signs of Disunity and Unrest The forthcoming goodwill visit to Rio de Janeiro of Secretary of State Acheson is a fresh reminder to the people of the United States of the basic strategic, economic, and political importance of the Latin American region in … The only outlier was Chile. Google Services Including Gmail, YouTube Suffer Major Outage, Merkel Seeks to Regain Grip on Virus With Hard Holiday Lockdown, Billionaire Survivor of Ransom, Terror Attacks Rivals Ambani, Sweden’s Covid Workers Are Quitting in Dangerous Numbers, Stocks, Futures Set Bullish Tone as Pound Surges: Markets Wrap. Latin America’s Wave of Protests Was Historic—Then the Pandemic Arrived The coronavirus and lockdowns have worsened the region’s economic divides—and set the stage for more political upheaval. However, recent protests in Bolivia, Chile, and Ecuador have fulled a wave of uncertainty.” Finally, following the killing of social and indigenous leaders, Colombia is expecting a general strike on Nov. 21 – opening fears of further unrest. The successful garrison coup of Gen. Fulgencio Batista in Cuba in March and the forceful overthrow of the junta governing Bolivia in April are vivid warnings of how uneasy is the political situation in many countries to the south. The United Nations has accused the government of using a strategy of instilling fear in its population to retain power. Peru swears in nation’s third president in just over a week after political upheaval, protests November 17, 2020 LIMA, Peru (AP) — Peru swears in nation’s third president in just over a week after political upheaval, protests. In 2013, a bus-fare hike in Sao Paulo and Rio de Janeiro set off Brazil’s biggest protests in more than two decades and shook politics in the region’s biggest economy. Egypt’s Economic Pivot Takes Shape as Army Firms Up for Sale, Why an ‘Electoral College’ Chooses the U.S. President, Nordic States Set Electric-Planes Pace After Green-Cars Push, U.K. Latin America’s tensions played out as finance chiefs concluded the annual meetings of the IMF and the World Bank in Washington over the weekend. Protesters from Chile to Ecuador derail austerity measures, Wealth gap, slower growth and rising debt making a potent mix. Source: IMF World Economic Outlook, October 2019, General government gross debt/GDP for 12 South American countries. Riot police fire tear gas during a protest in the Historic Center neighborhood of Quito, Ecuador, on Wednesday, Oct. 9, 2019. Nonetheless, some political trends may still be recognized. United Nations ... and ‘urges all stakeholders to work towards a prompt and institutional solution to the current political crisis... through inclusive dialogue with full respect for the rule of law.’ ... More Stories from Latin America. Chile, where a growing wealth gap has left many citizens struggling to get by, may be the most jarring case. After a strong 2019, a decent 1Q20 was expected. These factors are also fueling their mass migration out of the country. The turmoil began on October 18 with student-led protests over a metro fare increase. Updates with analyst quote on 19th paragraph. Presidential contender Alberto Fernandez has promised relief, suggesting Argentina may be headed for a renewed populist turn that could unwind economic reforms and push the country toward renegotiating its debt. In Ecuador, unrest blew up after President Lenin Moreno ended fuel subsidies. All Rights Reserved. Why Argentina Shuddered at Prospect of Change at Top: QuickTake. Obstacles to Stable Democratic Government Agencies Hit in Brazen Attack by Suspected Russian Hack... Biden Nod From Electors Could Seal His Win With Some in GOP. At the onset of the year, nine of the region’s 10 largest economies sat in the extreme- or high-risk category of our Civil Unrest Index. In contrast to the Andean countries, the elections of Argentina and Uruguay on Oct. 27 and the liberation of former President Luiz Inácio Lula da Silva from prison on Nov. 9 were tame. Hot campaigns are now in progress for presidential elections in Mexico (July 6) and Chile (Sept. 4). A metro station burns during a protest in Santiago, Chile, on Oct. 19. “In almost all of South America, we have unpopular governments with fiscal problems facing angry voters tired of corruption, bad public services and the lack of economic dynamism,” Eurasia’s Kerner said. In Honduras, a lack of economic stability, high levels of violence, corruption and criminal activity among politicians are the main reasons why citizens are demanding the resignation of President Juan Orlando Hernández. Targets Gas in Next Fight Against Fossil Fuel Pollution, Meadows Suggested Hahn’s Job in Danger Over Vaccine, U.S. Lifts Sudan’s Terror-Sponsor Listing After 27 Years. That familiar dilemma for the region’s leaders is sharpened by the end of a commodities boom, slowing growth and rising government debt, which jumped in South America to an estimated 78% of gross domestic product this year from 51% a decade ago, according to IMF data. While each country has specific flash points, the likely outcome in each case is eroding government support for a pro-market agenda and less stamina to rein in spending. The Haitian Revolution, a bloody but successful uprising of enslaved people against their French colonial enslavers (1791–1804), terrified landowners in the Caribbean and northern South America, and as the situation worsened in Spain, many feared … Economic malaise behind Latin America’s year of unrest. Despite Mexico’s economics strengths and its position as Latin America’s second-largest economy, businesses must be aware of heightened risks in the country in 2020 – including sluggish growth. “There is a widespread perception in the region that the quality of public services is inadequate," said Itau Unibanco chief economist Mario Mesquita. Mexico is emerging from a disappointing first year of the administration of President Andrés Manuel López Obrador (AMLO). CQ Press is a registered trademark of Congressional Quarterly Inc. Obstacles to Stable Democratic Government, Mexico's Election and the Continuing Revolution, Export Surpluses and Import Needs of South America, Protection of American Interests in Mexico, Relations Between Mexico and the United States, Imperialism, Colonization, and Independence Movements, Regional Political Affairs: Latin America and the Caribbean, CCPA – Do Not Sell My Personal Information, Environment, Climate and Natural Resources. 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