Sputnik: How expected was this move by El Salvador to you? William Yang: I can't say this comes as a total surprise because as our foreign minister said, he, our country has been sending a special envoy and he himself also led a delegation to El Salvador in July. And in Taiwan's diplomatic history whenever there is a concentrated visit made by the Taiwanese government to a specific country that usually signifies as a sign that relations with that country might be in danger. So, the timing of this being announced right after President Tsai Ing-wen came back from her visit to Central America is definitely planned beforehand. So, just like the foreign minister said it was definitely a big blow to Taiwan's confidence. READ MORE: Kingdom Of Eswatini Will Not Switch Allegiance From Taiwan To China — Minister Sputnik: Do you and the Taiwanese government expect more nations to follow suit? … [Read more...] about Journo on Why China’s Expansion in Latin America Should Concern Both Taiwan, US
Governments in latin america
In today's rapacious U.S. wars and plunder in the Middle East, it is worth looking at how brutal the U.S. onslaught has been against Latin American countries. Whether it was James Monroe, the fifth U.S. president and author of what became known as the Monroe Doctrine to impose U.S. hegemony, or his successors, Latin America has been irreparably damaged from U.S. assaults. The U.S. gives itself the right to interfere in Latin American elections and government affairs, and it wants to dictate their use of land and natural resources. No country is allowed to pursue an independent economic, political or cultural agenda. So many wars, conflicts, military coups and political assassinations have been overtly and covertly committed by the U.S. government or the elements sponsored by Washington.The history of the United States is characterized by major conflicts with Mexico. It must never be forgotten that Texas, Arizona, New Mexico and California once belonged to Mexico. The lesson from Mexico … [Read more...] about Lessons from US rapaciousness in Latin America
The presence of cash in an economy is a substantive marker of the difference between developing and developed nations. With cash heavy economics, individuals cannot access formalized working contracts, they don’t have much access to loans, and most importantly, taxation becomes problematic. It is therefore worrying that 85% of transactions made in Latin America are cash based. This represents, in my view, one of the greatest hurdles to the development of the continent. It’s simply not a coincidence that some of the world’s strongest economies are also some of the most cashless. Mexico is a prime example of a country that, despite economic potential, has very few bank account holders. According to a government report, 97% of the population lives in areas with access to banking facilities, but only 39% of individuals actually have an account. There are multiple reasons for this – but fundamentally, one cannot ignore that there is a grave lack of trust in … [Read more...] about Reducing the cash economy in Latin America is key for its growth
Montevideo (AFP) - With his ambitious social programs, his international standing and his extraordinary fate, Brazil's ex-president Luiz Inacio Lula da Silva was a potent symbol of Latin America's defiant left. Seeing him end up in jail is likely to deal a heavy blow to a generation of leaders. - Impact on Latin American left - "It is certainly a shock to see the man who, more than anyone, pioneered the 'new left' surge in Latin America, being sent to prison," said William LeoGrande, an expert in South American politics at the American University School of Public Affairs. His demise comes some two decades after Latin America was swept by the so-called "pink tide" that brought leftwing leaders to 15 of the region's countries. "Lula is the candidate of the reformist, non-revolutionary left, more market-friendly. This more moderate left appears beaten, defeated because it bet on playing the democratic game and now it appears that these rules have harmed it," said Patricio Navia, an … [Read more...] about Lula behind bars: a deathblow for Latin America’s left?
The March 24 ceremony celebrated the Washington-based Inter-American Development Bank's (IDB) choice to hold its next annual meeting in Chengdu, China, a decision criticised by the United States, whose regional influence has been increasingly challenged by the Asian economic superpower. Just over a week later, China imposed tariffs on a range of US products from frozen pork to wine in response to US President Donald's Trump's decision to place tariffs on steel and aluminium from countries including China. The trade fight, which escalated further on Wednesday with China targeting key American imports including soybeans, planes and cars in retaliation for proposed US tariffs on $50bn (€40bn) in Chinese goods, has left Latin America in the middle, analysing risks and opportunities. "The US is forcing countries in the region to choose between the US and China," said Margaret Myers, director of the Latin America and the World programme at the Inter-American Dialogue. "It's putting … [Read more...] about US-China battle presents an opportunity for Latin America’s middle men