The disconnect: Goodbye to the back yard

Interview with World Bank Chief Economist for Latin America Augusto de la Torre By Elida Bustos Changing, changing, everything’s changing. It’s not only wars that change maps and spheres of political influence; the flow of also trade does. In this case, what communism couldn’t do over decades – snatch Latin America from the United States to leave it in the back yard – China is achieving through trade. There’s another fundamental change: the region has stopped moving in a single bloc; now there will be two. Augusto de la Torre (pictured), the World Bank’s chief economist for Latin America and the Caribbean, is the person who anticipates this change of paradigm. “Starting in 2002 or 2003, economic activity in a […]