Pontifical Catholic University

However, countries like Venezuela, Bolivia and Colombia, that are happening through political internal conflicts and that present/display major propensity to the macroeconomic instability, will be seen more affected. Finally, it indicates, is the case of Mexico, that always one was different positively from the other Latin American countries, of being directly related to the attention of the demand of the United States, and therefore, in this occasion will undergo considerable impacts. It is added to us, that all the subcontinent watches towards the north with fear, having tried to predict to what extent one will be affected by the earthquake. Mainly, because, traditionally, when the United States has sneezed, Latin America has caught a cold. Nevertheless, in this occasion, the professor of the Pontifical Catholic University of Peru, David Tuesta Cardinal red, thinks that he will be different. Unlike scenes of previous crises, in this occasion, to Latin America only will give him small cold, and nonpneumonia, like before, although will depend on the supports developed by each one of the countries during last the five years – it explains. For example, it will be important to see how much fiscal saving has generated during this period, how it has been the management of the national debt, how much they have managed to diversify its exports. Countries like Chile, Peru, Mexico and Colombia seem to have handled better in this scope; whereas Venezuela and Argentina can it have done less.

Since it has pointed professor Kon, the control of the inflation will be a key factor to bear of the best possible way the crisis. And some Latin American countries do not seem preparations to the past fight it, in accordance with the declarations realised by the chief of a main directorate of the International Monetary Fund (the IMF), Dominique Strauss-Kahn, month of July, when it noticed that the inflation was being uncontrolled in some emergent countries of the region. According to this organism, Chile could finish the year with a rate of 7.5%; Argentina already reaches the number of inter-annual 9.1%; whereas Brazil is placed in 5,6%, and Peru, in 5.4%.