| From As-coa.org: Has the financial crisis provided the push Latin America needs to expand sovereign wealth? For a while, it was possible to imagine that the region’s hard-won prosperity over the past decade, gained from harvesting the fruits of the earth from soya to copper had provided Latin America with a comfortable cushion in the form of central bank reserves and sovereign wealth funds to do it easily.
But ironically, the de-leveraging of the global financial system over the past six months has once again brought to the surface historical fears about the lack of economic diversification and, in particular, concerns about dependency on primary resources and on foreign capital.....Full Article: Source
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