Globalization has failed Latin America. It created the vulnerability that is making it so difficult for the countries of the region to address the developing social tragedy brought about by the pandemic. A recent OECD report suggests that the way forward is for countries to negotiate a “new social contract”—one that involves a revamping of institutions and social priorities.
Read MoreExtensive media attention has covered how Latin America countries have been handling the coronavirus. Regular accounting of how many cases in each country, including how many deaths, has been unremitting. Government officials have provided lengthy treatises on the nature of the disease and how citizens can avoid contracting it. Political leaders have repeatedly provided assurances to their populations of their government’s capacity to confront and contain the disease. Given the relatively small number of cases (17) and no reported deaths as of March 4, a casual observer might think everything is in hand. It is not.
Read More