Carlos Alberto Montaner at PostGlobal

Carlos Alberto Montaner

Madrid, Spain

Carlos Alberto Montaner is a Cuban-born writer, journalist, and former professor. He is one of the most influential and widely-read columnists in the Spanish-language media, syndicated in dozens of publications in Latin America, Spain and the United States. He is also vice president of the Liberal International, a London-based federation devoted to the defense of democratic values and the promotion of the market economy. He has written more than twenty books, including Journey to the Heart of Cuba; How and Why Communism Disappeared; Liberty, the Key to Prosperity; and the novels A Dog's World and 1898: The Plot. He is now based in Madrid, Spain. Close.

Carlos Alberto Montaner

Madrid, Spain

Carlos Alberto Montaner is a Cuban-born writer, journalist, and former professor. He is one of the most influential and widely-read columnists in the Spanish-language media, syndicated in dozens of publications in Latin America, Spain and the United States. more »

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Recession Will Strike Latin America, Chavez

The bad news is that the crisis will severely impact Latin America for four reasons:

1) A substantial decrease in the price of raw materials
(oil, gas, copper, soy.)

2) A reduction in foreign investment in the
region.

3) An increase in protectionism in the U.S. and Europe.

4) A
diminution in remittances by emigrants.

The good news is that Hugo Chávez will lose a great deal of his ability to intervene in his
neighbors' affairs, and will be forced to apply the brakes on the mad arms race to which he seemed dedicated.

The weakest country facing the current crisis is perhaps Ecuador, a country that will enter, in the second quarter of 2009, into a sort of generalized bankruptcy. As an additional consequence of the crisis it is very likely that power will shift to the center right in the next elections in Chile, Brazil and Uruguay.

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