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December, 2011
Despite efforts to diversify its economy, Chile remains highly dependent on commodities with increasing exposure to China. This may ultimately be a positive amidst the current geopolitical turbulence, especially as China appears to be...
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November, 2011
For the last few weeks, the world’s financial markets have been witness to a true Greek drama. Like the plays written by Sophocles and Euripides, we have seen how the “hero”, former Prime Minister Papandreou, seeks to overcome his destiny...
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October, 2011
Today, just as in 2008, economic forecasts are better written with pencils than pens as significant risks lurk in the global economy. Despite some slightly more encouraging economic data in recent weeks, economic activity in the United...