The Americas Quarterly Podcast

In this episode we look at what to expect from Latin America’s economies in 2025. Ernesto Revilla, chief economist for Latin America at Citigroup, evaluates the impact of Donald Trump’s return on the region’s economic outlook, his predictions regarding trade tensions, and how ideological affinities between presidents could affect economic policy. He also analyses the health of Latin America’s economies independently of Trump’s deci...

Since Donald Trump’s election there have been fireworks between him and Mexico’s President Claudia Sheinbaum. President-elect Trump has threatened to impose tariffs of 25 percent as two leaders embark on what are likely to be contentious negotiations over migration, border control and trade. In this episode we discuss the potential consequences for Mexico and what is Sheinbaum’s strategy. We also assess the current health of the Me...

Donald Trump’s second presidency will likely bring an even stronger focus on Latin America than his first term did. Trump talked often about Latin America in the campaign, mainly through the lens of immigration and trade. In this episode we explore the possible consequences of his administration for the region. What could happen to Mexico-U.S. relations, as the two countries prepare to review the USMCA trade deal? How is Trump like...

Brazilian President Luiz Inácio Lula da Silva has an approval rating of about 50%. Unemployment in the country is at its lowest level in a decade and the economy is expected to grow about 3% this year, beating forecasts from just a few months ago. But despite all that, in recent mayoral elections across the country, Lula's Workers’ Party (PT) finished ninth in the number of mayors elected. The big winners were politicians from...

Latin America is the world's breadbasket. The region is now the source of more than 60% of the world’s soy, almost half its corn and more than a quarter of its beef. At the same time, about 28% of people in Latin America and the Caribbean don’t have enough food for themselves. On today’s podcast, we’ll explore Latin America’s so-called “food paradox.” Why is it that as the region produces and exports more food than ever, it’s ...

Although Democrats still lead among Latinos, Republicans have grown their share of support among that community in the last two elections. Looking ahead to the upcoming contest between Donald Trump and Kamala Harris, we discuss some of the reasons for that shift, the long and little-known history of the Latino population in the United States and how economic and social issues shapes their political views. Marie Arana, author of Lat...

Claudia Sheinbaum will take office as Mexico's new president next week, on October 1, 2024. Often described as a technocrat, she also supports some of current President AMLO's more controversial policies, such as the judicial reform that was just approved. In this episode Vanessa Rubio, a professor at the London School of Economics and a former senator and deputy minister, shares what she expects from Sheinbaum's gov...

Javier Milei has so far succeeded in making drastic changes to Argentina's economic policies. In this episode we evaluate what has worked and what hasn't, and who have been the winners and losers. Milei's deep spending cuts have produced in the first 5 months of 2024 a primary fiscal surplus of 1.1% of GDP and inflation is down to about 4% a month. Poverty however continues to rise and the IMF projects an economic co...

The entry of Kamala Harris in the U.S. presidential race has completely transformed the election. In this episode we ask what we can expect from her Latin America policy were she to win in November. How do leaders in the region perceive her? What are her views on migration? What can we learn from her record as Vice-President, tasked with the challenging issue of addressing the factors that make people from Central America migrate t...

Since the election on July 28 Nicolás Maduro has unleashed a wave of repression not seen in Venezuela before. The question on everyone's mind is, what now? Will Venezuela move further down the path of a dictatorship, or is there some chance of a negotiated solution that might lead to a democratic transition? In this episode, Roberto Patiño, a civil society leader and a member of one of the opposition parties, discusses the opp...

Ecuador’s young president Daniel Noboa is engaged in a tough battle with organized crime groups that paralyzed the country earlier this year. It’s been six months since that dramatic series of events. In this episode we take stock of what has happened since. How successfully has the government dealt with the security crisis? How valid are comparisons between Ecuador’s crackdown and that of Nayib Bukele in El Salvador? What has happ...

Gustavo Petro is halfway through his presidential term in Colombia. The first leftist president in the country's modern history faced suspicion from the political and economic establishment from day 1. He’s used sweeping rhetoric to describe his plans for an economic overhaul, as well as his security initatives But in practice, Petro has struggled to translate his speeches into reality. In this episode we do a broad overview o...

Voters throughout Latin America are craving solutions to the spread of organized crime. In today's episode, we’ll look in detail at how Nayib Bukele executed the crackdown on gangs in El Salvador, analyze the extent to which the model has been adopted by some politicians around the region and evaluate why that is more difficult than it seems. Our guest is Manuel Meléndez-Sánchez, a doctoral candidate in government at Harvard U...

In Brazil, unemployment is at a record low, inflation is under control and growth projections are being revised up. However, the Lula administration is having a hard time moving forward with expected reforms, and financial markets are reacting negatively. This episode dissects the forces behind these trends. Why is Lula facing resistance in Congress? What are the economic debates under way inside the administration, and who is winn...

Twice a year the AQ Podcast takes stock of Latin America’s economies — what the region is doing well and where the challenges are. There is good news — inflation below OECD levels, for example, but growth is still below potential, according to our guest, William F. Maloney, Chief Economist for Latin America and the Caribbean at the World Bank. He argues that more competition within countries could be a motor for change. William als...

Venezuelans are scheduled to vote for president on July 28th. In today’s episode, we look at the state of the negotiations between the dictatorship of Nicolás Maduro and the opposition, assess how inclined Maduro is to accept a possible defeat and if there’s any chance for a transition to democracy. The opposition candidate Edmundo González Urrutia, a former diplomat and academic, has about 60% support in polls, compared to support...

Claudia Sheinbaum's victory in the Mexican elections was expected, but the 30-point margin surprised many and gave her and the Morena coalition a mandate like few others in Latin America’s recent political history. In this episode, Viri Ríos, a scholar and one of Mexico's most prominent intellectual personalities, discusses how the country got here and looks ahead to what she thinks Sheinbaum and Morena do with that power...

Peru's story in the past 20 years has gone from fast growth and poverty reduction to fractious politics and a dwindling economy. In this episode, Alfredo Thorne, a former finance minister (2016-2017), makes the case for how the country could get back on track to restore growth and distribute it more fairly between rich and poor, Lima and the rest of the country. In his view, high copper prices and new ports expected to be inau...

Panama’s president-elect José Raúl Mulino assumes control of a country struggling with challenges that pertain not only to its population but to many other countries as well. Climate change is affecting the Panama canal and there is rising migration through the Darien Gap. Panama is also a theater for the U.S.-China competition. In today's episode we explore what to expect from Mulino's term in office regarding these and ...