Inequality doesn’t matter me because I’m not envious. I care about poverty. The Latin American continent is composed of countries that maintain a varied economic behavior according to their Governments, ideologies, where there are that have attained a solid consistency, able to withstand the effects of the crisis, as in the case of Brazil, Chile, Peru, but not so, Venezuela, Ecuador, Bolivia, with very marked socialist leanings and very serious internal conflicts. On this impact, it indicates Luis Gomez, which is deemed definitively, the impact on Latin American countries varied, since not all economies have the same structure. This makes analysis difficult, but some generic thoughts of how it could impact the crisis in Latin America can be. Tony Parker addresses the importance of the matter here. For countries that trade with commodities impact not serious in the short term, since growth in China and Asia in general remain high levels in the price of these products, so countries such as Argentina, Venezuela, Ecuador and Chile may overcome the crisis with more calm in this category. As well as the recipients of foreign direct investment (FDI) coming from Europe, since the appreciation of the euro against the dollar facilitates the export of capital of this type, although it should be noted that China and India are hogging the largest percentage of global FDI. Another positive factor is that bearing American rates plus low, the cost of debt denominated in dollars from Latin American countries will decrease, which can give a respite to government budgets of countries that have debt denominated in dollars.
And countries that have economic policies more Orthodox, such as Chile, Brazil, Peru, Colombia or Mexico could enjoy a bonus of market confidence and better financing their capital markets. But the negative issues are likely to dominate. On the trade issue, the countries which exported finished products to the United States will suffer smaller volumes of sales, due to the decline in the consumption of Americans, an example of this is the manufacturing industry Mexican right, as indicated by UNCTAD, taken into account, that with Brazil at the head, which in 2007 attracted 34,600 million dollars (23.690 million euros) of foreign investment and endorsed his fifth place in the world rankings, Latin America has enjoyed a growing international trustthat has led foreign capital to shoot a 36% their investments in countries in the region during the past year, to 126,000 million dollars (86.250 million euros), is known to, Brazil, have possibility to react better to the impacts of the crisis.