As one of the nation's most prestigious academic institutions, Harvard University carefully invests its endowment in order to maintain its funds. One of the university’s most lucrative investments has been in natural resources, particularly timber companies in Argentina.
Economy and Development
As the Seattle-based coffee industry giant opens up cafes across the globe, the Starbucks franchise has begun to turn its gaze towards its roots: Latin America. Starbucks has been buying beans from countries such as Costa Rica and Colombia for decades.
Turmoil and conflict is nothing new to the countries in Latin America, and the last few months some of the most prosperous countries have been experiencing problems. Argentina’s currency took a nosedive, leaving the country in crisis. Brazil’s growth rate has slowed significantly and World Cup protests are growing by the day. And oil heavy Venezuela is experiencing massive protests over inflation and shortages.
The Communications and Transport Secretary in Mexico has proposed a regional rail project, the Tren Transpeninsular (TTP), to connect major beach resort areas and several major archeological sites in the Yucatan Peninsula. A GSPIA capstone class taught by Marcela González Rivas, Policy and Planning in Development Countries, is working with a local non-profit in Mexico, Foro para el Desarrollo Sustentable, who has been hired to conduct a preliminary assessment of the potential social impacts of the TTP.
The International Monetary Fund (IMF) recently concluded the annual Article IV Consultation with Colombian policymakers, which took place from March 3rd-13th.2The IMF mission was headed by Valerie Cerra, who concluded that Colombia had a strong macroeconomic policy framework and was able to weather the global financial crisis through an inflation-targeting regime, maintaining
In Havana this past weekend, Cuba passed a new law to open the country to foreign investment. The latest in a series of reforms by Raul Castro, who succeeded his brother Fidel in 2008, this law encourages foreign capital in an effort to advance Cuba’s development and struggling economy.