Research Library

South America is likely facing a "second wave" of Chinese investment. How will China's rise to global economic power — and its transition to a new economic growth model — impact South America?

In this paper, author Peter Hartley examines the recent evolution of markets for LNG, focusing especially on the increasing amount of LNG being traded spot or under short-term contracts of less than four-years duration. Hartley argues that explanations for this increase, and other recent changes in LNG trading, imply that the proportion of LNG being traded under long-term contracts is likely to continue to decline and that the flexibility of long-term contracts for trading LNG is likely to continue to increase.

A growing number of Brazilian companies are expanding internationally. These companies are part of the transformation reshaping the global investment environment. They have shifted their international strategy from being based exclusively on exports to becoming foreign investors in countries such as Peru, Chile, Colombia and Mexico.

This fall the Argentine government passed a new hydrocarbons bill with the intent of attracting foreign direct investment in its energy sector, particularly in shale oil and shale gas areas. In this article, scholar David Mares provides context for the reform and examines the current state of Argentina's oil and gas sector.

The below-ground potential of Argentina’s shale oil and gas reserves is enticing for companies and investors — the country may have the second largest shale gas reserves and fourth largest shale oil reserves in the world. But the above-ground risk is a significant challenge for exploration and development. In this article, scholar David Mares examines the level of investment and activity in Argentine shale to shed light on the future pace of development of Argentina’s shale gas and oil potential.

The decade 2003-2013 was an exceptional one for Latin America in social terms, but less clearly so in economic terms. Growth slowed down significantly after the exceptional factors that fed the 2003-2007 boom came to an end. The possible unwinding of the super-cycle in commodity prices and, to a lesser extent, of the expansionary monetary policy of the United States, has added new challenges. But the major issue is the need to overcome the poor long-term economic performance that has characterized the region in the post-market reforms period, particularly by adopting active production sector development strategies.

Uruguay’s national elections on October 26 will determine more than who occupies the Republic’s presidency, vice presidency, and Senate and House chambers — voters will also determine the government’s political orientation. The occasion will force Uruguayans to choose between the progressivism of the Frente Amplio party — which government has promoted for the past 10 years — and a return to the conservatism of the opposition Blanco and Colorado parties.

With the recent approval of Mexico's energy reform and the current enthusiasm of South American governments to attract foreign investment in oil, one might be tempted to conclude that the tide of resource nationalism is receding in the region. Nevertheless, the cycles of investment and expropriation that have characterized the oil sector in Latin America are unlikely to go away.

The March 2013 election of Argentine Cardinal Jorge Bergoglio as the pope of the Roman Catholic Church has noticeably affected politics in Argentina, where 77 percent of the population is Catholic. By Pablo Ava, professor, Universidad de Buenos Aires School of Law, and 2008 Americas Project Fellow