Saturday, March 04, 2006

Latin America Conference

From the Wharton School:

Bolivians recently elected Evo Morales, formerly the leftist leader of the country's coca growers, as their new president. His campaign focused on promises to nationalize oil-and-gas production, control land speculation and pay more attention to previously ignored sectors of Bolivian society, among other initiatives. Leftist or populist parties are also in power in Brazil, Argentina, and Venezuela, and have flexed their muscle in Ecuador, Guatemala and Peru. The upcoming election in Mexico could also bring the leftist PRD to power.

During a panel discussion at the recent Wharton Latin American conference, Wharton management professor Witold Henisz asked a provocative question to four of the conference's panelists: Is the democratic revival of the populist left a hallmark of consolidation of democracy or a potentially dangerous trend that will return Latin America to the lost decades? Should it be viewed as a threat or an opportunity by international investors?

Opportunity was the unanimous opinion of the panel, entitled "Structural Processes and Politicians: The End of the Latin American Pendulum?" The panel was part of the Wharton global Business Forum, whose theme for Latin America was "Capturing Untapped Potential."


Blogger Thomas said...

Leftists have been elected but like Brazil's Lula they have learned they have to be more pragmatic once they are in power - I think Morales will be forced to accept the same.

3/06/2006 1:39 PM  

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