Have We Turned the Corner?

Have We Turned the Corner?

Corporate & Sovereign Strategy

It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation - and achieve rapid, sustained growth. Latin Americans love to party, but the mornings after are grim. The same principle applies to the Mexico City: Bye-bye Bradys region's relationship with the international financial system. Nearly 200 years ago, the newly independent states of Latin America borrowed enthusiastically in the City of London, only to go bust shortly after. The Republic of Colombia was the first to borr

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