With annual economic growth rates of over 10 percent and attractive investment conditions due to low infrastructural and labour costs, Ethiopia is eagerly trying to rise from the status of low-income to middle-income country in the next 10 years.
In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
Inequality, poor infrastructure and declining trade are some of the problems that Latin America needs to overcome if the region truly wishes to achieve a “golden age”, according to Peru’s President Ollanta Humala.
Energy integration efforts in Latin America have been made in fits and starts, even though many clearly understand that the only way to solve the region’s energy shortages and high costs is by working together.
The Dominican Republic first expressed interest in joining the 15-member Caribbean integration grouping CARICOM in 1989. Now, 14 years later, the Spanish-speaking country with a population of nearly 10 million may finally get its wish.
The Mercosur and Pacific Alliance blocs can strengthen Latin American integration rather than weaken it, analysts say.
What is Hugo Chávez's legacy to Latin America? The best way to evaluate a head of state is to examine what is left behind after his or her death. In the case of Chávez, his image is obscured by a series of ideological and cultural prejudices that hide a clear perception of who he was.
Venezuela will keep in place the regional energy integration policies promoted by the late president Hugo Chávez if he is succeeded by acting president Nicolás Maduro, experts on regional relations told IPS.
Cuban diplomacy will be working full blast this year, promoting its own approach to integration in line with the needs and goals of the Community of Latin American and Caribbean States (CELAC), a regional body that excludes the United States, Cuba's leading ideological opponent.
Openly conceding the differences in their ideological, economic and geopolitical views, leaders and high-level representatives of the 33 member countries of the Community of Latin American and Caribbean States (CELAC) committed themselves to integration at their first ever summit.
To go down fighting in the Andean Community (CAN), with a combined market of 92 million consumers, or move up to the big leagues of Mercosur, with 275 million? This was the dilemma faced by Bolivia’s foreign trade strategists when it came to pursuing full membership in the bloc formed by its neighbours to the south.
The nine-member Organisation of Eastern Caribbean States (OECS) is pushing harder for regional integration with the launch of a new parliamentary forum that it says will play a major role in its efforts to establish an economic union.
For months now East Africans have been expectantly waiting for an economic revolution to begin as they anticipate the launch of a new standardised payment system that will integrate the electronic transfer of money in the region. But continued delays in the launch of the system have economists fearing that the weak financial infrastructure here is hindering its implementation.
The protection and conservation of biodiversity figure among the most daunting challenges posed by climate change in the Caribbean islands, home to a wealth of endemic species of flora and fauna.
Paraguay’s isolation, following the impeachment and ouster of President Fernando Lugo 11 days ago, has grown thanks to slender recognition for the new government and souring diplomatic relations with the neighbours.