Economists and academic sports enthusiasts at-large are quick to point out historic figures as proof that hosting large-scale sporting events does not benefit the host, particularly when the host, like Brazil, requires new stadiums and infrastructure. So why is the Brazilian government spending so much to prepare for the World Cup?
The government of Venezuela wields a powerful tool in its control of the state’s energy reserves. President Maduro is unlikely to give up this revenue-producing gem and give in to public demands, which will lead to greater political unrest. As a result, the state-owned enterprise is a tense focal point of both the government and its opposition. Continued instability in Venezuela is not only a detriment to Latin America, but to the global energy market as well.
The Brazilian government must do more to mitigate the current and impending social and anthropogenic impacts of the Belo Monte dam complex.
As Puerto Rico barrels toward a default on $70 billion in public debt, investors and politicians are concerned about how to save the U.S. territory. Historical prescriptions to avoid a default are not feasible within the current law. The inevitability of default in Puerto Rico renders the timing of the default instrumental in determining the island’s economic future.