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I would argue that in Latin America we should take these opportunities. Ernst is also the managing director of Georgetown’s Global Business Initiative and the Latin American Board, as well as executive director of the Latin America Leadership Program.Įrnst argues that Latin Americans should focus less on what the United States government might do, and more on their own initiatives: “Biden has enough problems with the United States the way it is today to worry about what will happen in Latin America. He argues that a shift in how the region approaches issues like productivity, public policy and politics will bring a brighter future. How can Latin America rebound amid so many challenges? Ricardo Ernst, the Baratta Chair in Global Business and co-director of the Global Logistics Research program at Georgetown University’s McDonough School of Business, makes the unusual case for optimism.
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Democratic erosions, from populism to authoritarianism, are on the rise in countries like Brazil, Peru, El Salvador and Mexico – as regimes in Venezuela, Cuba and Nicaragua clamp down. Widespread discontent has led to mass protests and political unrest. The United Nations predicts 9.1% negative growth in 2020 and 231 million Latin Americans in poverty – a 15-year backslide. The COVID-19 pandemic has triggered a regional recession, dragged down social indicators and killed hundreds of thousands of citizens. The official forecast for Latin America is glum. Latin America faces a triple threat of health, economic and political crises – what are new ways for the region to bounce back? Guest: Ricardo Ernst, Baratta Chair in Global Business and director of the Latin American Leadership Program at Georgetown University’s McDonough School of Business