How Would a Protectionist U.S. Work? See Brazil, Where Trade Barriers Prevail
https://www.wsj.com/economy/trade/brazil-tariffs-protectionism-us-e2b9e11c
While high tariffs protect some jobs in the country, they have also driven up costs for consumers and helped make domestic industry inefficient.
Chile Has Bold Tech Ambitions
https://www.americasquarterly.org/article/chile-has-bold-tech-ambitions/
Far from Silicon Valley, a digital niche is taking shape, with AI-driven initiatives and a data center boom.
In El Salvador, Bitcoin’s Retreat Left Valuable Lessons
https://www.americasquarterly.org/article/in-el-salvador-bitcoins-retreat-left-valuable-lessons/
In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender. At that time, President Nayib Bukele argued that the bold decision would promote financial inclusion, increase the efficiency of remittances, and boost private investments, particularly those tied to new technologies. However, the measure also sparked valid concerns about implementation and macroeconomic issues. After the experiment ended two months ago, many wondered what was left of the initiative and what would happen next.
The change of heart for El Salvador’s government came from the conditions imposed by the International Monetary Fund (IMF) as part of a new $1.4 billion financial assistance program granted to the country. Facing the opposition of the multilateral lender, the government and the Legislative Assembly opted to abolish Bitcoin’s status as legal tender in January, limiting its “voluntary” use to the private sector. The law set clear boundaries to “confine” Bitcoin-related transactions. With this limitation, for example, a person won’t be able to pay taxes with the crypto asset.
https://www.wsj.com/economy/trade/brazil-tariffs-protectionism-us-e2b9e11c
While high tariffs protect some jobs in the country, they have also driven up costs for consumers and helped make domestic industry inefficient.
Chile Has Bold Tech Ambitions
https://www.americasquarterly.org/article/chile-has-bold-tech-ambitions/
Far from Silicon Valley, a digital niche is taking shape, with AI-driven initiatives and a data center boom.
In El Salvador, Bitcoin’s Retreat Left Valuable Lessons
https://www.americasquarterly.org/article/in-el-salvador-bitcoins-retreat-left-valuable-lessons/
In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender. At that time, President Nayib Bukele argued that the bold decision would promote financial inclusion, increase the efficiency of remittances, and boost private investments, particularly those tied to new technologies. However, the measure also sparked valid concerns about implementation and macroeconomic issues. After the experiment ended two months ago, many wondered what was left of the initiative and what would happen next.
The change of heart for El Salvador’s government came from the conditions imposed by the International Monetary Fund (IMF) as part of a new $1.4 billion financial assistance program granted to the country. Facing the opposition of the multilateral lender, the government and the Legislative Assembly opted to abolish Bitcoin’s status as legal tender in January, limiting its “voluntary” use to the private sector. The law set clear boundaries to “confine” Bitcoin-related transactions. With this limitation, for example, a person won’t be able to pay taxes with the crypto asset.