Latin America This Week: August 22, 2023
In Guatemala, money can’t buy elections—at least not this time. On August 20, Guatemalan voters elected anti-corruption candidate, Bernardo Arévalo, to be Guatemala’s next president. Arévalo won in a landslide, beating his establishment rival, Sandra Torres, by nearly one million votes. Given the backlash against anti-corruption efforts in Guatemala over the past few years,...
The Dollar: The World’s Reserve Currency
Introduction
Since the end of World War II, the dollar has been the world’s most important means of exchange. It is the most commonly held reserve currency and the most widely used currency for international trade and other transactions around the world. The centrality of the dollar to the global economy confers some benefits to the United States, including borrowing money...
Brazil’s Lula visits China, Earth Hour, Second Summit for Democracy, and More
Transcript
MCMAHON:
In the coming week, Brazil’s President Lula visits China, people around the world take part in Earth Hour, and the second Summit for Democracy is held. It’s March 23rd, 2023 in time for The World Next Week.
I’m Bob McMahon.
ROBBINS:
And I’m Carla Anne Robbins.
Bob, let’s start in Beijing, where next week, Xi Jinping will...
Brazil’s Global Ambitions
SummaryIntroductionAs Latin America’s largest and most influential country, Brazil has long played a leadership role in the region, throwing its economic and diplomatic might behind hemispheric integration efforts. It has also increasingly sought a bigger voice for developing countries on the world stage. In addition to its active membership in the United Nations and other...