Skip to main content

Moody's Coutino Says Honduras Coup May Jeopardize Trade With U.S.

By Nathan Gill
     June 28 (Bloomberg) -- Alfredo Coutino, director for Latin America at Moody’s Economy.com in West Chester, Pennsylvania, comments on the economic impact of a military coup in Honduras. Coutino spoke today in a telephone interview.

On the coup’s impact on Honduras’s trade:
     “Its going to be a negative mark for Honduras, particularly from the U.S.
     “The U.S. will put pressure for the restoration of democracy, if that doesn’t happen, we will see major economic consequences because then we will see that they can impose restrictions on Honduras trade.”

On which areas of Honduras’s economy will be the most affected by the coup:
     “The sectors that would suffer because of trade restrictions are going to be the industrial sector and the agriculture sector.
     “Honduras is an important exporter of manufactured goods to the U.S., particularly in the area of textiles.

On the potential affect of Honduras’s coup on the rest of Latin America:
     “There is no reason to think that the main Latin American countries are going to be punished by international markets. This is not an international event. It’s just a very, very local event in a very, very small Central American nation.
     “If the US doesn’t get bananas from Honduras, they can get them from Costa Rica.”

Comments

Popular posts from this blog

Moving to the Suburbs: Reducciones in Recent Latin American Historiography

In 1503, the Spanish monarchy issued its first decree for the resettlement of indigenous groups in the Caribbean so that they would “live together” and “not remain or wander separated from each other in the backcountry.”[1]

As the European conquest spread to North, Central, and South America, these new settlements – known as reducciones and congregaciones in Spanish and descimentos in Portuguese – became sites of forced labor, evangelism, experimental agricultural, and refuge. Through a series of imperial policies decreed over the next decades and centuries of colonial rule, Spanish and Portuguese officials attempted to reshape the New World, including its human and natural landscapes. How colonial historians explain this process and indigenous peoples’ reactions to it is the focus of this essay.

In a review of the recent historiography of reducciones, several trends emerge that signal a shift in our understanding of the practice. As this paper will show, one common element is that …

"Open" and "Closed" Regionalism Theories

(Apr. 3, 2008) The terms "Open" and "closed" regionalism refer to the degree in which regional blocks allow nonmember nations to access their markets. In this sense, an "open region" is one with few, if any, external trade restrictions while a "closed region" can be defined as one whose external trade policies seek to restrict commerce with nations outside the region.Closed regionalism as practiced in Latin America grew out of the policy suggestions made by UN ECLAC/CEPAL school of dependency theory in the early 1960s. As discussed earlier, proponents of this policy argued that states should form regional alliances with a series of trade barriers against foreign products to foment regional industrialization and assure captive local markets for these manufactured goods. The failure of this system of integration to meet Latin America's economic goals became apparent during the 1980s and was further highlighted by the strong economic performanc…

Greetings From Gringolandia

Bloomberg Businessweek, March 28 — April 3, 2016
Susan Lamy and her husband, Jean Pierre, owned a successful interior design business in Westport, Conn., but they still worried about how they would make ends meet in retirement. “Just paying for the basic necessities was killing us, and we could see that there was no way that we would ever be able to stop working,” says Lamy. 
The search for an affordable retirement spot led the couple to Cuenca, a Unesco World Heritage site in Ecuador’s southern Andes. They settled there in 2013 and now live in a spacious apartment with a terrace overlooking the Yanuncay River. Lamy says she and her husband enjoy a high standard of living in Cuenca for around $2,500 a month, paid for by their Social Security checks: “This seemed to be the best possibility for having a really terrific life on a fixed income.” 
The combination of a subtropical climate, well-preserved colonial architecture, and low cost of living has made Cuenca a magnet for North Ameri…