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The Economist Latin AmericaThe Economist Latin America

The Economist Latin America

September 21, 2019

THE ECONOMIST is a global weekly magazine written for those who share an uncommon interest in being well and broadly informed. Each issue explores the close links between domestic and international issues, business, politics, finance, current affairs, science, technology and the arts. In addition to regular weekly content, Special Reports are published approximately 20 times a year, spotlighting a specific country, industry, or hot-button topic. The Technology Quarterly, published 4 times a year, highlights and analyzes new technologies that will change the world we live in.

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access_time4 minutos
in deep trouble

IN NORTH JAKARTA, not far from a quayside where workers unload frozen mackerel, a derelict building stands a metre deep in murky water. The warehouse was flooded in 2007, after torrential rains and a tidal surge submerged half the city under nearly four metres of water, displacing half a million people and causing $550m in damage. The building has remained inundated and abandoned ever since—barring the hardy soul who seems to be camping on the first floor, aided by a rowing boat. Floods have always plagued Jakarta, but in recent years they have become more severe. Many other cities in Asia are menaced by the same phenomenon. As the planet heats up, sea levels are rising. Heavy rainstorms are also becoming more frequent and tropical cyclones more intense. And Asia’s coastal…

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down but not out

BINYAMIN NETANYAHU spent the last two hours of voting in Israel’s general election on September 17th speaking through a camera to an online audience, begging people to come out and vote for Likud, his ruling party, before it was too late. “All the battles I fought as a soldier in an elite unit, all the battles I fought against a president of the United States [Barack Obama], all my other battles in Congress and at the United Nations—I did it for you. And now I’m asking you for something small. Go the polling station. It’s only a five-minute walk.” As he wheedled and begged his voice grew hoarser. He took phone-calls from fans. Occasionally he stood up to gesture at a map of the Middle East on the wall, pointing to…

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fade to brown

“THIS ONE has seen Napoleon,” says Massimo Arsieni. “It has seen the world wars. It has seen everything. And soon it will be dead.” He throws his arms around the fat, gnarled trunk of the olive tree. He means to emphasise its age, but could be clasping a dying relative. Mr Arsieni’s family has owned these groves outside the village of Cellino San Marco since 1800. Though harvest season is drawing near in Puglia, in the heel of the Italian boot, the tree’s branches are mostly bare and its remaining leaves are grey-brown. Its few olives are discoloured and weather-puckered. “A disaster,” Mr Arsieni sighs. The olive groves that have encircled Cellino San Marco since ancient times are now turning into what locals call tree cemeteries. The cause is a bacterium…

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masters of business in asia

ASIA’S RISING economic power is remaking the world. Chinese corporate champions like Alibaba and Ten-cent are challenging their Western counterparts. Are they bringing with them a specifically Asian management style? Bartleby visited two highly rated business schools in Hong Kong in an attempt to find out. First, temperament. Yuk-fai Fong is a professor of management, strategy and economics. During a stint at the Kellogg School of Management in Illinois, he recalls, his Asian students tended to be quiet. On arriving at Hong Kong University (HKU), he discovered that students there were not diffident at all but instead stereotypical, opinionated MBAs. Mr Fong concludes that, in America, Asian students were unfamiliar with corporate culture and even company names. They may have been more self-conscious about speaking in a second language in a…

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learning to live with it

AFTER DESTRUCTIVE storms like Hurricane Dorian, those affected have decisions to make. Should they invest in cellar pumps and better drainage? Should they rebuild with more robust design and materials? Should they move? These judgments are informed by a harsh reality: the weather will get worse. Seas will be higher, rain more diluvial and storms fiercer. People with means will naturally adjust—as they should. Adaptation is essential to reduce the human and economic costs of climate change. But spending on adaptation may further complicate already-confounding politics. Efforts to slow global warming must overcome devilish political obstacles. The benefits to reduced warming accrue over decades and centuries, whereas the cost of cutting emissions must be paid upfront by taxpayers who cannot expect to see much return in their lifetimes. And mitigation (as…