An area where the traditional law increases

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FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

The writer is the chairman of Rockfelller International. His latest book ‘What happened to capitalism’

For Mania, Europe and even Chinese capital, “American Ozdenciness” appeared as new areas for capital. However, this year the world’s best operation is Latin America and is missing from global conversation. The shares in second place, in the second place, the average of 31 percent in Europe and the markets.

In recent years, after setting on the meteorical rise of the US market, global investors are looking to share capital capital, including Latin America. The majority of the region is a refuge in the Tariff Tariff list of President Donald Trump. However, perhaps the least rated reason for the good work of the markets is a changing policy.

Chile’s former President Sebastián Pinera once said Latin America, “Late,” said Latin America “remained in good times.” In the 2000s, Roading 2000s, “Pink Gelgit”, brought to strengthen populists based on many left leading in the last ten years. Productivity growth has become deep negative – the worst of any region. In CUE, the political tide turns back.

Strong leaders on the left side curb the left-handed instincts under market pressure. Last year, Brazil’s Louise Inácio Lula was a promising promising that Silva promised a day; Now he shows some signs of financial discipline. Mexico’s progressive Claudia, Sheenbaum, a more supportive business posture than its predecessor, offers the “republic’s hardness.”

Other nations are resolutely returning to the traditional law of limited government and free market reforms. Although the Trump’s hits as a Latin copy, Argentina’s Javier Milei increases trade deals, increases trade deals, and the government changes, and the government is not wrong. Conclusion: a dramatic turn in the country’s economy and financial markets.

The share of voters who said, “Market economy, rose to an unusual high level of the best road – 66 percent. The right change in this mood is a critical moment. This year and subsequent, Latin America, an extremely intense election schedule opens, where the regions represent 85 percent of the GDP go to the boxes.

Last month, the recent connections with the current Daniel Noboa, former President Rafael Correa, former President Rafael Correa, now, after condemning corruption, a greater victory of an opponent living in exile. Next, the expectations for the Argent, MILEI are highly higher than expectations to take to victory in October in October.

Intra-regional, social media makes noise about the Milei Model. Chile, the election polling stations of the right elections are dominated. Frontrunner Evelyn Matthei, Eschews Eschews Eschews Vedras and the nearest rival Johannes Kaiser, a small sculpture in one of the customer – keeps a symbol of deep spending cuts.

The front staff for the elections are all right. Colombia, the first left leader since the independence in 1810, the Gustavo Petro and the actions outside the scandal exploded financial deficit and transformed the rich people in the gas importer. Petro’s selected version is voting behind the candidate for the two right, one of the former Bogota Mayor, responsible praised the public costs.

Peru is a similar landscape: a deep area that happens under the guidance of the current Dina Bolarte in the right and the current Dina Bolarte. Corruption and indifference are charged with, because many Peru fights food to buy food for a 3 percent approval rating – it is probably noted that the world is the worst. The best three bidders are all classified as “center right.”

In Brazil, Lula’s approval rating has always hit down to the bottom. The economy is growing, but voters are angry with increasing prices and crimes. In the last October, the voters in the local elections turned to the left and sharply sharply than the right. Lula, 79, experienced health problems and is likely to change a leader in the ballot paper next year.

With the most right rising in most parts of the West, Latin America does not need to become a trumpian closed economy in the same way. Prefers leaders who are more traditionally based on free markets and open economies. This increases the chances of the region to increase the capital capital in the exceptional world of this post-American exceptional world.