Why it's time for intelligent austerity in Latin America
Latin America has been hit hard by falling commodity prices and balance sheet exposure to the appreciation of the U.S. dollar. It's time to go back to basics.
Ernesto Talvi is a nonresident senior fellow at the Brookings Institution and director of the Brookings Global-CERES Economic & Social Policy in Latin America Initiative (ESPLA). He is also a member of the Global Agenda Council on Latin America of the World Economic Forum.