March 14th, 2012
01:11 PM GMT
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Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them. Here, Millennial and guest blogger David Lloyd - managing director of Intern Latin America, which brings international students to the region - writes on the unstoppable rise of Latin America.

Santiago, Chile (CNN) – “This 21st century will be our century, the century of Latin America,” wrote Sebastián Piñera, the president of Chile, in a recent article for The Economist. Piñera is right and the bet on “LatAm” as financiers like to refer to it, is a bet that is almost certain to come off.

The earnings of top bankers in Brazil have accelerated past those in New York or London. LAN airlines just merged with TAM to create the second largest airline in the world - appropriately named LATAM. Positive anecdotes abound, reflecting an optimism that for so long was missing.

Who are The Millennials?

Latin America has always been sexy and exciting, but now it is also a good place to make millions. A report from Deloitte last year said that the number of millionaire households in Brazil would pass a million by 2020.

A debate I attended at the Royal Geographical Society last year asked whether this century will be Asia’s or Latin America’s. But there is no need for competition. The relationship is mutually beneficial: As China grows, it requires more of the natural resources that Latin America has in abundance. But for what it’s worth, the richest man in the world is not Chinese: Carlos Slim is Mexican.

There are concerns. Economies remain under-diversified, relying too heavily on China’s endless quest for raw materials. Sensible politicians in the region are aware of the need to implement reforms to diversify and mitigate the risk of dependency.

The biggest threat, as ever in this part of the world, remains political - populism has been dangerous. Venezuelan president Hugo Chavez's mismanagement of the economy has left him discredited on the global stage but he remains popular domestically.

Despite the risks, Goldman Sachs has forecast that by 2050 Brazil and Mexico will be permanent fixtures within the world’s six largest economies.

The Millennials from New York and Johannesburg

By this time the United States, due to its Latino population’s elevated birth rates, will be so Hispanized that the Spanish language will rival English for predominance. The influence of Latin America is being felt everywhere. The future is Latin.

soundoff (96 Responses)
  1. Greg Gaylor

    Your enthusiasm has lost sight of the cultural and political problems limiting economic freedom in Central and South America.

    As for the rise in Spanish speaking cultures in the United States, let us hope these people will learn English and embrace the English speaking culture that has advocated for political and economic freedom throughout the world.

    March 14, 2012 at 6:51 pm |
  2. KillAllWhites

    Burritos will make a comeback!!!

    March 14, 2012 at 7:31 pm |
  3. H. Bingham

    In Brazil, according to the federal government census of 2010, 60% of the populoation lives with less than one minimum wage per month, that is, 140 million persons that earn less than US$340.00 per month. Illiteracy remains at 20% of the population (46 million persons) since 10 years ago while 30% of the Brazilian households do not have sewage infrastructure to collect residues. Misery is rampant in certain parts of the country, which are out of the spotlights of the media. Everyone that takes a plane to Rio de Janeiro or Sao Paulo, sees the slum rings around those cities, for miles and miles. Part of those slums are being removed to hide misery from the tourists that will visit the country for the Olympics and World Cup. Now, go to Bolivia, Ecuador, Peru...situation is even less developed. Who cares about a handful or new riches...Man, you are out of touch with reality.

    March 14, 2012 at 7:37 pm |
  4. Stephan

    There is certainly tremendous economic potential in Latin America, but I agree that challenges are numerous. Poverty, inflation and a wide gap between rich and poor are only a few of them. Investment opportunities will abound – no doubt about it – but a lot will also depend on individual countries' economic management. This varies widely from country to country within the continent. Hopefully most countries will follow the right track, and be able to strengthen their middle class and lift the poor out of poverty. This is how the continent's sustainable growth potential can really be unlocked. Stephan (

    March 14, 2012 at 7:47 pm |
  5. Estremera

    La población latina en los Estados Unidos está aprendiendo inglés. Ellos saben que para poder ser parte del Sueño Americano lo tienen que hacer. El aprender inglés está intimamente ligado a ser exitosos en el país. Como dicen los mexicanos "le hechan muchas ganas". Si no fuera así, ¿para qué emigrar? El mercado inmobiliario de Miami se ha salvado gracias a una fuerte inversión en los bienes raíses de parte de los brasileños. Ya es común escuchar la lengua portuguesa en South Beach. Mi recomendación: seamos bilingües o trilingües, si es posible. El inglés nunca perderá su importancia en América. Por nuestro bien, debemos ser competentes en nuestra propia nación.

    March 14, 2012 at 8:57 pm |
  6. edwin

    why is there so much hate for what the future looks like....? how did usa started??? there was great poverty, hunger, disadvantage, repression and a big gap between rich and poor! and slowly it became an american dream for anybody that worked hard! but now it's going through some hard times. and it's time for other countries to shine. and latin america will get there. why? 'cause now people are more educated, they have learned alot from the usa and it's growing with foreign investment!!!!

    March 14, 2012 at 9:25 pm |
  7. Paco

    Wow, white people(americans) hate hispanics because of the fact that they're mostly immigrants. But those white(americans) people keep forgetting that ALL americans besides the REAL(native)americans are immigrants...

    March 14, 2012 at 10:00 pm |
  8. Rick

    Nice....i live in paradise [Colombia] after living for 8 years in USA.....the colombians are the most beautiful the world!!!

    March 14, 2012 at 10:30 pm |
  9. simply_american

    No matter what they say: "....China is going to be nr. 1... No wait !! Latin America... wait... Europe is coming fast to be nbr 1 !. Russia !, ......" . still old USA is Number 1 . Hopefully it will be, as long as our country remains true to its values: Freedom (not anarchy), democracy (not corruption), family values (not desintegration), respect for your fellow man (nobody is above the law), and other simple values that you hardly find in another country (in USA you will find them by the truckload). Anybody is welcome to USA (Asian, Latin, Arab, Black, white, ....), as long as your "assimilate" to the USA values (doesn't mean "forget your past", it means American comes first when you are here, just follow the rules).

    March 14, 2012 at 10:37 pm |
  10. edgar p

    The issue that the white USA has with the latins or hispanics, has nothing to do with politics or economical staus is quite simple, we are hated and or disliked simply because of the color of our skin no differenet than the hate for blacks, asians, arabics or any one for that fact that there skin, language, religion is different than white, it has been going on since the creation of our nation and probaly go on for more generation to come, very sad.

    March 14, 2012 at 10:40 pm |
  11. Tachoman

    Thank god I speak both spanish and english though I prefer spanish. More vocabulary and all.
    But it's true that the region is developing quickly, Mexico is already making a lot of cars from different brands around the world and from what I know, soon making airplanes for Boeing and Bombardier.
    Brazil already makes their own planes and all of the countries have more resources and food than many parts of the world.
    The greatest challenge will be to reduce corruption, inequality and poverty but it's quite heartening to know that already poverty has been reduced to half of what it used to be by the beginning of the nineties.
    The U.S. would share in the boon if they only took the time to look south instead of looking to asia.

    March 14, 2012 at 10:58 pm |
  12. Nostromo45

    Very naïve, sir. A few thousand South Americans will become richer and richer, whilst the vast majority will become poorer and poorer. Only a few countries as a whole will benefit – namely Chile and Argentina, and not much else: the level of corruption in those two countries is much lower than elsewhere.
    Venezuela is a country with huge resources, especially petroleum. But the profits do not reach the ordinary population, because it disappears in a few greedy corrupt pockets.
    Colombia has fabulous resources, but while there are militias, drug-traffickers and las FARC, as well as huge corruption at all levels and a government that does not really exist, there is not much hope in the near or medium future.
    Brazil is a power-house of production, but this only affects a very small part of the population.
    Any visit to the favelas or the ranchos or the chabolas surrounding such cities as Rio de Janeiro, Sâo Paolo, Medellín, Caracas, La Paz, Sucre, Santa Cruz, etc., makes this abundantly clear.
    The USA raped Bolivian mining wealth in the 50s and 60s. Did that help the population much? The same in the lower Orinoco..... and so it goes on.
    No, sir, in common with North Americans in general, you only understand little numbers flickering across screens in Wall Street, Frankfurt, London, Tokyo.... as if they could ever reflect wealth at the true level – the ordinary people in the street.
    Besides that, there is the problem of mentality: specifically in Venezuela and Colombia people live from "trapicheos", they are "cantamañanas", and have no idea – or very little – of what it is to work a full working-day of say 7 or 8 hours.
    And they steal and kill and deal in drugs, and pay "sicarios" to do the dirty work – murdering others – and go home with a huge DVD-player to their hovels where they have no electricity, no water, and their kids run about shoeless.
    Quest, evidently, is rather clueless.

    March 15, 2012 at 12:10 am |
  13. Sebastian L

    Mr. Quest: Please be invited to an asado in any of these three countries Uruguay, Argentina and Chile, any of them I have falmily living there, to give you the opoortunity to chat about infraestructure, safety, Gini coeffcient, corruption,. You see, the uncivilized masses will make sure that they together with their associattes, the rich-high heeled class, sandwich us, the law abidding-tax-paying middle class into oblivion, Cheers for your narrow view of jsut economic statistics. After the asado, lets have a glass of cognac and a cuban cigar.

    March 15, 2012 at 12:23 am |
  14. Marco Hsiao

    Latin America is moving to prosperity that is a nice thing. China (Mainland + ROC Taiwan + Hong Kong) and "countries surrounding China" are vigorous and prosperous, too.

    Latin American students should learn English and Mandarin Chinese more; Chinese students also should learn English or Spanish / Portuguese more. East Asia and Latin America will have more trade certainly. Many Chinese like travelling to enjoy the Carnival Festival in Brazil.

    20 years later the world might be more wonderful and colorful.

    March 15, 2012 at 3:11 am |
  15. Marco Hsiao

    Latin American countries also have a better record on human right and morality than western European countries or the US.

    Britain is largest black slave maker; made about 10 million African black slaves, and tortured 1/3 to die in British ships; then built largest slavery country, bullied ten millions of people in Africa and Indian peninsula. It is evilest record on violating human right and violating freedom in world history

    The US is largest buyer for African black slaves; and before 1861 as third largest slavery country (behind Britain and France) on the earth. The US also kills 100,000 innocent Iraqi civilian as worst country on violating human right and violating freedom in 21st century.

    Thus the world should make friends with Latin America; they are kind people and kind countries.

    March 15, 2012 at 3:16 am |
  16. Garry E.H.

    It is in the best interest of the U.S that Latin America develop and grow in every aspect with equality for all, for which there is a need for a better and productive cooperation, investment and exchange approach in cultural, the rule of law and law enforcement and others, accepting the diversity existing around and not trying to imposse "way of life" that has proven only beneficial to some or to the elite and military class of these societies. Because of natural resources available and the potential in human development the existing poverty in these countries is not difficult to erradicate but they need steady and decisive commitments by the U.S. which has not beeing the case for so long. We have look always away from L.A., just retoric talks, assuming "this is ours", supporting some small groups..., but time has change and we need to focus on our continents and its surrounding islands. Latin America development is our sustainability.

    March 15, 2012 at 3:17 pm |
  17. Anonymous

    Long live the CLOONEY family!
    Too bad George hasn't extended the lineage...get going...Stacy seems like a good "match"...

    China is the key to intermediate in Sudan...I know what you know...

    March 16, 2012 at 4:01 pm |
  18. Long

    KillAllWhites jou are bad!

    March 19, 2012 at 3:23 pm |
  19. Magnimus

    It is actually fairly difficult to do business in Latin America. I think a lot of people think they can offer people a pittance, and they'll jump for it. Yesterday someone offered me a full time job with a monthly wage of $190 dollars. I know factory workers that haven't even finished high school that make more than that. I'm not sure if the guy is an idiot, or he thinks I am one.

    March 21, 2012 at 12:53 pm |
  20. Steve

    Conditions in South America have improved dramatically in recent years, but they still have considerable impediments to achieving first world development. Chile is certainly well on its way to achieving developed nation status. Infrastructure is generally excellent, the government is largely free of corruption and it is by far the safest country in Latin America. Granted, Chile still has issues with education, and income inequality but the future is looking bright there. That's why I lived there for 2 years!

    March 26, 2012 at 7:17 am |
  21. MKinSoCal

    As Charles DeGaulle famously said, "Brazil has a lot of potential . . . and always will." While there have been a lot of advances in Latin America, all the countries, to a degree, still have one foot in the 19th century. As I have always said of Colombia, the country in which I have family, "Colombia could be the Germany of South America . . . if only its people were not so much like the Russians :( "

    March 28, 2012 at 4:09 pm |
  22. S.S.

    China steals jobs from Brazil.

    March 29, 2012 at 10:37 am |
  23. George Santos

    China is cheating South America out of development with fake currency and slave labor to undercut pricing.

    March 29, 2012 at 10:38 am |
  24. rvastag

    'Hispanicize' ??

    The best days of the United States are behind it. And of course Mexico and Latin America will move forward – many of their lower class and uneducated have snuck into the USA, sending back money, and leaving behind a society freed of the burden of too many poor & unskilled.

    April 1, 2012 at 8:49 am |
  25. Fernando

    Despite the topic is very inspirational, I think you lacked investigation, examples and sources in order to build strong and solid arguments about your theory of LaTam economy as a future. Your example of Venezuela is out of focus, since macro economic figures have grown in the last 10 years. Check Ecuador or Bolivia, for instance, and you will compare figures with past governments and actual administrations. Regarding other comments about undeveloped situations in Brazil or many other countries in the Region, is a fact; nevertheless remember that Latin America is flourishing after a long period of neoliberal policies, which left an expensive social debt that will take long time for governments to repaid it to our people.

    April 3, 2012 at 6:24 am |
  26. Cesar

    Greg, that fantasy about the 'English speaking countries' embracing freedom was sold by Hollywood for years, please be open minded and learn Spanish, you will be a 'freer' person for sure...

    April 9, 2012 at 1:27 am |
  27. Wendel

    I am Brazilian born in Rio de Janeiro and Sao Paulo live in, so the president Roussef came as the president of Brazil realize that things are going, Sao Paulo has grown very slums are being taken and residents of this place home are gaining new, income, schools, sewage treatment and employment. Sao Paulo is a city that is growing increasingly appears that only São Paulo it is changing. In Rio de Janeiro there are many slums, high unemployment, many with school violence and poor health, I see nothing changing there, I'm just realizing that the focus of an improvement in the favelas of Rio de Janeiro because I do not see more Cup a concern as I see in Sao Paulo to Rio de Janeiro is still much needs to improve.

    I believe that Brazil by 2020, one of the world and be turned millionaire, Dilma after taking the presidency in Brazil we were very happy because this woman is to surprise us, because Brazil is moving too fast since many things will change after winning the presidency, and if she gets eight years as president in Brazil will change, because we suffer a lot from the Brazilian government and Brazilian currupção this woman she came to Brazil to change the corruption we see in this woman I'm satisfied with the president and believe

    April 11, 2012 at 5:32 am |
  28. horizontelatino

    The future of Western Civilization depends on the effective legalization of millions of Latino immigrants and on the real integration of north and south (USA and Latin AMerica)

    April 21, 2012 at 4:59 pm |
  29. sayashin

    lean "sabiduria globalizada del s.XXI" en amazon

    April 22, 2012 at 8:47 am |
  30. canadian in ecuador

    to be honest i'd say that irene chappel either didn't thoroughly read this post by david lloyd, or had to meet some sort of editorial deadline and figured that whatever he wrote would be sufficient to fill the deadwood void that needed filling ... although the article highlights some very important and interesting aspects of what could happen is south america, it's mainly a "repost" of other peoples work ... if this is what Intern Latin America has to say i will most definitely not be interested in anything else it has to say ... congrats on a job poorly done, both of you must have attended to your duties between 1 and 3pm ...

    May 1, 2012 at 5:25 am |
  31. l.Stoll

    Se o mundo tiver menos miséria, menos fome e mais educação e mais justiça social então haverá mais segurança para todos inclusive para o Brasil e para os EUA. Latinos são vizinhos e aliados. Voce prefere um vizinho amigo ou perigosos assassinos nas sombras ?

    May 4, 2012 at 10:28 pm |
  32. Richardi

    As a Brazilian, I am watching substantial changes on the way of life here. People are consuming all the sort of things which, years ago, used to be restricted to the rich since cell phones and laptops till cars and apartments. And there is still a potential consumer market to be developed. Thats why entrepreneurs are interested in Brazil. We are actually experiencing an economic growth which does not mean Economic Development since there is still much to be done in terms of infrastructure and social development. Health and education are poor, there is a lot of corruption and child mortality rates are high so does the criminality.

    May 14, 2012 at 2:22 am |
  33. Brazilio

    Brazil is better than ever. Our problems seem small in front of all the negative things that are happening around the world. When I was born, Brazil was considered almost "the hell on earth", but now it´s more close to the "heaven on earth".

    Tropical climate, beaches, stable economy, freedom, democracy, amazing natural scenarios, soccer etc. I feel lucky to be brazilian.

    May 16, 2012 at 3:57 pm |
  34. Anne Usher

    "Latin America has always been exciting, but now it is also a good place to make millions." That is offensive. Too many people, too many companies, Latins and foreigners, have "made millions" and are still making millions at the expense of social and economic development of the larger populations. Latin America does not need economic colonialism – it needs investment partners who are prepared to make substantial and sustainable committments to re-investing in the countries where they are generating these incomes.

    May 16, 2012 at 4:30 pm |
  35. vexact

    The USA ignores South America at its own peril. China will own SA otherwise.

    May 18, 2012 at 10:19 pm |
  36. evelia

    yo sabia que los yankys dejarona venezuela fuera de los paises para hacer les combiene.y siempre difaman a venezuela,solo por que no an podido joder a chavez..venezuela esta mejor que los paises que la mierda yankis

    May 20, 2012 at 11:11 am |
  37. lovingit

    Another quick note regarding my past post when it comes to English vs. Spanish predominance in the US:

    I am Hispanic and I experience communities Latin American communities (even Portuguese speaking ones) quite often and to date I have yet to meet the first Latin American who came to the US at a school age or is second generation that has not learned English.

    May 21, 2012 at 4:54 am |
  38. Estados Unidos Monavie

    great article.. good opportunities to invest get richer and be healthy. Yes I am on FB

    May 23, 2012 at 2:15 pm |
  39. Lost

    Racism must die.

    May 23, 2012 at 3:49 pm |
  40. ouvenp

    this is clearly a economic view by outsiders. I'm chilean and it really hurts to hear our president talk about the possible future of our economy when there's poor quality in education, health and housing.
    All our natural resources have been privatised and our economy will probably grow but in the hands of the few and most likely the foreign few. This article just reminds us how economically biased out perception of progress is.

    June 16, 2012 at 5:47 pm |
  41. Neando


    June 17, 2012 at 3:49 pm |
  42. Neando

    This article is naive and poorly researched. Brazil appears to be the only country that the author puts forward as a shining star. Yet anyone that knows brazil, understands that they are experiencing obscene levels of inflation combined with massive underinvestment in infrastructure. Dependent as they are on China's demand, the slowdown in the east will be felt particularly hard there. Rather than wax poetic about the bright future of Latin America and pepper the article with trite snippets from Goldman Sachs, perhaps the author should hve interviewed actual economists who study the region. Their appraisal is far far different.

    June 17, 2012 at 3:54 pm |
  43. Leo

    Racism is pretty obvious with the law makers. We can see how states like Arizona are coming up with laws like the Arizona's anti-immigrant SB 1070 law and some other laws that are mainly anti Hispanics in nature. Using 9/11 as an excuse is not justifiable since 9/11 was perpetrated by Middle Eastern people and not Hispanics. Most people don’t realize that if the Hispanics leave the USA it will be very expensive to buy fresh food items in the US (fruits, vegetables, etc.). Look at states like Oklahoma where millions of dollars were lost in plantations of rice, fruits, and vegetables for not having the people to do the labor. The Hispanics that used to do the labor left the state due to anti-immigration laws. How can we expect to afford food if farmers have to pay regular wages for field labor? Imagine paying $2-3 for one tomato! Very difficult…

    June 19, 2012 at 3:33 am |
  44. Fabiano from South Brazil

    hahahaha... Bric's countries are getting the world , Look around, see the facts and the numbers!!!!! Well, wait just one more decade !!!! No commentsSS , only laughs for the OLD empire!!! HAHAHA Daleeee BRASIL

    June 23, 2012 at 9:20 pm |
  45. acrivellaro

    I heard about Argentina and Chile will less corruption, Colombia prospering, but I live in Brazil and have travelled around latin america and I can say, Brazil represents more than 50% of all Latin America in everything since food production to technology, Brazil is headed to the future, people is studying more, living better, and living happy even in the favelas because they have access to many things sometimes difficult to get in the "first" world. To be a good country you don't need to have the best salary or a good car but happiness, this is what people here are looking for and getting. I really like USA as they can receive people from all the world, and I thing they should pay attention to Brazil as the best opportunity for investment and knowledge exchange.

    June 23, 2012 at 9:57 pm |
  46. Simone

    Great article. The problem is not the economy in these countries is the corruption. Corruption is not trivial, is a constant behavior in many of the Latin American (LA) countries. Considering laws and freedom the problem is bigger. See what happened in Paraguay few days ago. I don't believe that Latin America is the future, maybe it is for the richest people. Brazil explores their nation with high taxes. Otherwise, politicians have a salary 20 times bigger than any person in Brazil. It is thought that salary in Brazil for politicians, this year, will be increase around 158%. Professors are in strike to get better salary for 1 month already! Let's be honest, the problem comes from the beginning of these countries. Culture. Change the people mind is most difficult than getting a better economy.

    June 24, 2012 at 5:05 pm |
  47. EuroZone Observer

    I'm definitely putting my money on Brazil in the next 20 years to be very prosperous and wealthy country...Chile is already a developed country and Argentina and Uruguay will follow in the next 5 years. If Mexico, Colombia and Venezuela can cut down on corruption and drug crimes, they will be great countries in the next 10-15 years. I also like the looks of Cuba and Peru as they will be developed in the next decade or so.

    June 25, 2012 at 11:04 am |
  48. jay

    I think in the next decade the countries of South America will go to war or there will be civil war as the rich become richer and leave millions of their fellow citizens behind to rot! Corruption will become even more common as the price of some resources increase to fuel the demand from the rest of the world. In fact we shall all be affected by this in some way, mineral, water, land wars will become common place. So the future will be much different from what people are trying to describe. If you don't believe then you only have to see what is happening now the the markets and the inability for those in power to be able to recitfy it!

    June 28, 2012 at 8:49 pm |
  49. Francisco Horta

    I want to state here that there are two types of coemntários mostly here: one in a parochial question without knowledge of two protectionist afraid of what is out there:
    Let's not forget our history, let's not forget the injustices committed by men for so let's remember a little history: a man has a life expectancy now exceeds 70 years, a nation or a people for the rest of their civilization. The U.S. people massacraou Vietnamese, entered the second world war more than two years from the beginning of their confrontation and acrito which only came because he felt offended by the events of Pearl Harbor 09/07/1941 war had already begun since 1939, the countries that some of you mentioned here in south america received massive fortune by way of war indemnity, why? The dissimada Africa was divided by its European operation, it has not even 100 years. Most violence by drug trafficking is on the border of Mexico to the United States. Just open the eye of parochialism the world is changing and no one can change a perfect world, any change will be the beginning of coas, corruption in Brazil has, bandidismo, unpaved streets poverty, lack of infrastructure and other deficiencies and with this ammunition that the country will change, as is creating a new country and I pray to God that is not with the same violence that others did so.

    July 4, 2012 at 2:56 pm |
  50. Deut8 18

    Let me put it this way.. Brazlian PPL are flying into South Beach Miami, FL and buying condo , houses, property– STOCK and BARREL lately..and they are paying CASH for what they want in the millions..they GET.. cash trumps credit ANYDAY.. BTW- I have stock in brazil's waste management and my stock has TRIPLED over the passed year..

    July 9, 2012 at 7:59 pm |
  51. Rahmad

    Hey Robert is your timeshare also bomiceng a threat to vacation instead of a place for vacation? I'm sure you're not eager to see those fees in the mail box Best of Luck,D.

    July 11, 2012 at 8:25 am |
  52. Bill shepler

    Intresting coments all of them . I lived in Colombia for two years now .

    July 11, 2012 at 1:33 pm |
  53. Alan

    This is a BS article, I dare say. Bottom line for Central and South America – corruption has been, is, and will be the Achilles heel for real political, economic, and social progress.

    July 15, 2012 at 2:01 pm |

    Bom Dia
    O Brasil é um rico pais,dominado pela corrupção e um povo pacato,facilmente ludibriado por festas e feriados nacionais.Enquanto os escandalos na politica de roubo e corrupção acontecem na nossa cara. O BRASIL É UMA VERGONHA.

    July 20, 2012 at 2:04 pm |
  55. Maria

    I am peruvian and I am very proud of the achievement of my didn't take to long for Peru to be one of the target countries for important investments. But yes, corruption , education, health infrastructure, public safety, beside others are yet important issues to be solved. Latinoamerica is growing as well as Its problems. Is time for goverments to take control.

    July 25, 2012 at 3:03 am |
  56. Adriano Bento

    More than 30% of brazilians are living in slums (favelas), it represents 60 million people living in such conditions.
    The press here insists to show just the beautiful landscapes of our country.
    We have a lot to do for better days.
    Adriano Bento – Brazil

    July 30, 2012 at 1:18 am |
  57. zedorock

    The problem is that americans and west europeans compair the rest of the world with themselves, so whatever is poorer than them is called very poor, as if Bill Gates said a person is poor because she just erns 100 000 dollars per month, which is maybe what he gets in an hour. The same applies for latin-americans, they just compair themselves with the USA and Western Europe. I compair LA with the whole world. I divide 180 countries in three groups of 60 countries, with subclasses of 20 countries (lower, medium, upper), and then thare is the fourth world with the 12 poorest countries. Brazil is lower first world only in nominal per capita income, in purchasing power parity it is upper seccond world and in HDI, Human Development Index, it is medium seccond world, in average upper seccond world. 4/5 of the world population liv in countries that ar poorer than Brazil. It has more social injustice than most countries, but it isnt by far the worst one. Arab and african countries ar mostly mor injust, and eeven many countries in Asia. The Statistical Department IBGE ses now a majority in Brazil belongs to the middle class, but thats manely becaus in reecent yeers many poor peeple changed to the low middle class, wich mite be considderd poor in rich countries – but middle middle class or eeven hi middle class in others...

    August 9, 2012 at 3:40 pm |
  58. Mike Oliver

    We the American continent, we should be more united, as the European and African countries ... Where is the pride of America, thus how had Bolivar or Monroe?? America is the continent of the future!!! We should love more, our continent!

    August 13, 2012 at 2:26 am |
  59. aden45

    Noooo. No queremos a los EEUU o UE en nuestro continente. Ustedes solo destruyen, explotan y esclavizan. Somos el futuro del mundo y es hora que salgan de nuestro territorio. Fuera, fuera, fuera!!! Busquen la unidad con su gente.

    August 19, 2012 at 5:35 pm |
  60. Carol

    I´m sorry Mr. Quest, but I live in México, and you have NO IDEA how corrupt is everything here. The politicians and Government have done such a poor job all these years...the Justice and Laws are practically non existent. The gap between poor and rich is getting bigger and bigger , the education is terrible and insecurity is up to the sky. I think you could say that is a country where Money Laundry is allowed at the highest levels of government, that is how they win elections here. If all this means GOOD business for you, then I can not object to that. : )

    August 21, 2012 at 5:17 am |
  61. Juan

    Mr. Quest, I have move to Mexico about 2 years ago. I had some money with the will to invest. As it turned out, the cost of living is more expensive in Mexico than it is in the USA. Looking at the flow of money, which is hard to grasp, a couple of days ago, the news read that the GUN companies had a historical record breaking gains for the first half of the year. My question is, how much percentage of those profits came from money laundering or payed by the norcotraffickers? If the profits came directly or indirectly from Mexico, then YES, I agree with your mentality. I don't think that's what wwe want to be looking at.

    August 29, 2012 at 2:06 am |
  62. Francisco de Almeida

    that's why if you wanna know, but don't need to belive... this will be just for a few people like machu picchu..

    August 31, 2012 at 6:08 pm |
  63. Renato Costa

    I don't agree with some comments here.. i live in Brazil and we have a lot of people rich. In the South and Southeast for example, its easy to find People who speak more than one language and earn excellent wages at their companies...

    September 5, 2012 at 7:32 pm |
  64. Renato Costa

    Some people need to study more and understand about the economy of other countries around the world. Its interesting, because who's in the midlle of crisis? The correct answer is USA....

    September 5, 2012 at 7:39 pm |
  65. Renzo

    The Peruvian economy has grown on average 6% each year since 2002 why wasn't it put in the article? There are loads of foreigners investing here in all the major cities.

    September 8, 2012 at 7:44 pm |
  66. ragsy69

    Reblogged this on colombiancolor and commented:
    Energia bien y positiva por LatAm

    September 13, 2012 at 11:09 pm |
  67. Robson

    I´m living in Brazil and i can say that poverty is elsewhere but even in favelas everybody can take latest technologies to their homes, everybody has cellphone, notebook, flat tv, etc. The high level of poverty we can see in the region north and northeast, Brazil have a great consumer market potential and the key is the education, everybody that finish the college can earn at least 3000 dollars in TI market.

    September 14, 2012 at 11:59 am |
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  74. Moshe

    Latin America is a lost continent. Drugs, the world|s highest crime rates, the worst imaginable crimes, police forces unable and unwilling to protect citiyens, criminal & ignorant politicians abound. The entire continent feels like something forgotten in the Middle Ages. Sure you can say Money can be made there, but money can be made in the slums of Mombay, can it not......

    September 21, 2012 at 9:22 pm |
  75. rosa

    Mañana,siempre mañana....Evidentemente que los hombres no tienen mas capacidad Intelectual que MAÑANA,como si pudiere controlar ese espacio de tiempo....Y es que donde la IGNORANCIA ABUNDA.....Las Ilusiones reinan.
    Que patente queden esos Sueños porque es cuanto hay,no hay mas que aquel Mañana de destrucción y al por mayor.
    SI os sirve de consuelo.......SEGUIR CON LOS SUEÑOS.

    October 3, 2012 at 12:44 pm |
  76. sol

    Latin America is NOT A LOST CONTINENT. there are a lot of potencial, greit human and natural resurces. even now for many this fakt is just a dream or number. it can be really posible. In Latin America we have every thing almost an paradise on earth. I think it s NOW AND HERE (everywhere you are) if you are Latin American, begyn to work really hard. don t be so pasiv or indiferent is the only way to finish with corruption, ignorance, poverty, crime , so on. and like it s up here the KEY IS EDUCATION. on all levels. becouse LATIN AMERICA is the HOPE for the next generation (our kids)

    October 9, 2012 at 8:58 pm |
  77. rosa

    Respuesta a Sol:
    ¿Se ha preguntado Vos en qué consiste la educación?.
    Educar no es aquella asistencia de centros docentes,ni esas aulas escolares, ni los mismos maestros de una escuela u hogar,ni siquiera un gobierno llega a representar esa maestría.
    ¿Cómo se puede asegurar que Latinoamerica es el futuro?.Si nosotros,las personas no somos mas que ese instante de vida,por qué ilusionar a las gentes y hacerles vivir entre las fantasías venideras.?.
    Para educar al futuro que educado sea el presente,que el pasado quede en el olvido y no levantar los cimientos del mañana con el ayer.
    La constancia reina en esa batalla de olvidar qué antepasados vieren la nueva generación de latinoamerica, y espero que presente quede ese sueño de avanzar para ellos.Son los niños quienes merecen ese esfuerzo dado que los adultos mostraren cuán error de errar esas fronteras y racismo.

    Que tengan suerte

    October 11, 2012 at 11:54 am |
  78. B. Mac Mathúna

    RE: "As for the rise in Spanish speaking cultures in the United States, let us hope these people will learn English and embrace the English speaking culture that has advocated for political and economic freedom throughout the world."

    The United States has consistently acted in opposition to democracy and in favor of dictatorship in Latin America, from Guatemala to Brazil to Chile to Argentina to Nicaragua to Venezuela. Allende fought for political and economic freedom, of the workers, and was torn down by the CIA for it.

    October 12, 2012 at 5:01 am |
  79. Mike

    Why is it every time something positive is said about Latin America or its people, there are hundreds of negative responses? I just don't understand why American whites and blacks fear us so much. We as a whole are kind, hard wording, beautiful, smart and we look a lot like you. Is it the language? Does this concern you. So many of speak both languages and English isn't even the official language of America. Yet, we still want to learn it. Where is the patience, tolerance, understanding and kindness that Americans are suppose to be known for. Lets face it blacks don't speak very good english or english at all. Yet, we always have to be politically correct when discussing black issues. However,when you're latino, you're dismissed, laughed at, ignored and some times forced to leave the country. I just don't understand it.

    October 18, 2012 at 8:54 pm |
  80. Fabian

    Even when English is not the official language in the US, any inmigrant should embrace the culture and make their best to learn English. The Hispanic as well as the Anglo-Saxon cultures are extremely rich, but that does not mean that one language will override another.

    October 19, 2012 at 7:53 pm |
  81. Throughmyglasss

    Latin America is the future of the world because has the largest jungle (Amazones); two Oceans (Atlantic and Pacific) many rivers and lakes, a lot of natural resources, geographical contact with the Artic and Antartic continents, I would sin saying the second more technological and educated Continent, the freedom of speach, political, religious are accepted and respected by the governments, we don't see the color of skin or relious belivies to clasify aperson or a group, we see valious.
    The only needs for the Latin Continent es the lack of acceptance of our political or system of some Government's styles from some Las Americas cousins, on the other hand we get well at each other, we help and take care of others when needs arise during natural or man made disasters.

    October 20, 2012 at 9:16 pm |
  82. American Goy

    Better Latin than Muzzie or Chineses

    October 23, 2012 at 10:11 am |
  83. Forgotten

    I love the way, when everyone talks about countries in South America, they never mention Uruguay. Uruguay is a leader in exports, primarily beef. It is econmically stable. it has it's share of poor, but it also has a stong middle class. Most of the upper class here are retire Americans. I can't speak to the crime rate in the capital, Montevideo, but in the rest of the country the crime rate is minimal. It will be a leader, once everything begins.

    October 28, 2012 at 11:39 pm |
  84. AlexRio

    Greg Gaylor : are you kidding me??

    October 30, 2012 at 6:17 pm |
  85. AlexRio

    "Adriano Bento
    More than 30% of brazilians are living in slums (favelas)"

    You're absolutely crazy, you doesn't know what you're saying haha

    October 30, 2012 at 7:16 pm |
  86. luiz carlos

    Sou filho de imigrantes europeus, pai (falecido) espanhol e querida mãe portuguesa, atualmente com 48 anos vivenciei varias quebras de moedas no meu pais, fruto de politicas corruptas tanto interna quanto pressões externas pois sei que mais forte que a ganancia interna e' a exploração de fundos de investimentos internacionais e credores de paises que voam como abutres sedentos por extrair e explorar os mais pobres.
    Não vou me orgulhar de ser brasileiro, embora sempre quis ver este pais numa situação mais estavel, mas quero demonstrar que apos uma vida assistindo tanta exploracão, peço que Deus ilumine o coração tanto de autoridades de mais alto gabarito como os mais simples cidadãos a praticarem politicas internacionais (sociais e financeiras) cada vez mais solidarias para ai sim todos nós nos orgulharmos de sermos brasileiros, panamenhos, ingleses, americanos, marroquinos etc. O ser humano deve evoluir perante os olhos de Deus e não estacionar ou regredir.

    November 18, 2012 at 4:10 pm |
  87. Nadson Rafael

    I am Brazilian born in Rio de Janeiro and São Paulo lives, so that President Rousseff came as Brazil's president to realize that things are going, São Paulo has grown very slums are being taken and residents of this place are earning income from home, again, schools, sewage treatment and employment. São Paulo is a city that is growing increasingly seems that only São Paulo is changing. In Rio de Janeiro there are many slums, high unemployment, many with school violence and health problems, I see nothing changing there, I'm just realizing that the focus of an improvement in the favelas of Rio de Janeiro, because I do not see Cup more a concern I see in São Paulo to Rio de Janeiro is much still needs to improve.

    I believe that Brazil, in 2020, and one of the world be turned millionaire, Dilma after taking the presidency in Brazil we are very happy because this woman is to surprise us, because Brazil is moving very fast, because many things will change, after winning the presidency, and if she gets eight years as president of Brazil will change because we suffered a lot from the Brazilian government and Brazilian currupção this woman came to Brazil to change the corruption we see in this woman I'm satisfied with president and believe.


    November 26, 2012 at 12:57 pm |
  88. Venezuelan

    I see how Venezuela is considered here as a black sheep of the region. Let me say, that´s good for us, because we dont need the U.S. recognition, Venezuela is free and will solve its problems alone. Chavists and opponents as well, we will solve our problems by ourselves and we do not want the U.S. interference.

    November 26, 2012 at 2:57 pm |
  89. Venezuelan American

    @ Venezuelan. No one said the US has to interfere, just adopt resonable economic policies that allow it conduct fair trade, rather than the rhetoric that you are repeating. With sensible policies the country can get back on track. As for Latin America, the market/region is similar to that of Europe pre EU days. The only challenge I foresee is the countries current political climate which is unbalanced. If they were to follow the similar political policiees and philosophies to that of Chile and Brazil then there will be true opportunity. Unfortunately, the predictions made by Goldman Sachs is way too far out to accurately foresee the region's potential. Until the likes of Chavez and Kitchner are either change (unlikely) or are replaced with more moderate leaders only a few will benefit.

    November 29, 2012 at 8:39 pm |
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    January 31, 2013 at 10:14 am |
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    April 24, 2013 at 8:39 pm |
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  93. Asia vs south america.

    I always preffered asia (people think its wierd because im black). Although thy are places like panama and brazil that i love so much . I always liked the exotic and unusual culture over there. Furthermore business seemed good. When you grow up in NYC you see so many hisppanics and thier culture it almost becomes to common and boring to interest you. But as for economics how do you compare them.

    July 14, 2013 at 3:57 pm |
  94. Chirat

    EXCELENTE OPORTUNIDAD DE NEGOCIO CON MULTINACIONAL EUROPEA: Queremos consolidar nuestra presencia en Latinoamérica a traves de acuerdos con Partner de Negocio Locales.

    July 17, 2013 at 3:47 pm |
  95. rick-s77

    **By this time the United States, due to its Latino population’s elevated birth rates, will be so Hispanized that the Spanish language will rival English for predominance. The influence of Latin America is being felt everywhere. The future is Latin.**

    Being a US Born American of Hispanic/Latin Ancestry, I highly doubt the US will become over "Latinized/Spanish Speaking". In reality if you take away the Immigrants who are 30% (and dropping) of the Hispanic Population, US Born Hispanics are Actually quite integrated and Americanized. Also the VAST MAJORITY of US Born Hispanics are English Dominant/Only. Plus 85% of Hispanics speak English Very Well (Recent Census) and 95% of Americans Speak English Very Well (or as their Native Language) . Much of the rise in Spanish Language and its related Media is due to immigration, US Born Hispanics generally do not watch Spanish TV, this has been accepted by Univision/Telemundo and increasingly by many Hispanics Advertisers! Note the rise of American-Hispanic ENGLISH LANGUAGE MEDIA. Also many US Born Hispanics intermarry (its something like 40% – 50%), all in all in 2050 or 2100, America will still be fundamentally America, however PARTS of America may have a "somewhat" of a Latin Favor (EG South US Southern West Border States and Southern Florida). We will have a LARGE Multi-Ethnic Population so hopefully by 2050 most of our Ethnic Issues will be much less! No Spanish "will not" take over from English, Spanish is pretty much ENTIRELY dependent on Sustained Immigration, which is actually declining from Lat-AM and will most likely End (mass Latin immigration), due to Lat-Ams improved economies and Americas ongoing "Mini-Depression". Plus bere in mind most of Latin America, their birth rates are "Just over" replacement level, they do not/no longer have the Massive "Excess Populations" to send to other countries! However I think Asian Immigration has actually taken the number 1 spot for the last few years, and this will likely continue for sometime!

    That said the world over, the world is Becoming MORE Multi-Polar to a degree! And I say thats a good thing!

    March 2, 2014 at 12:08 am |

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