Data Driven Decisions

Chapter 38The Latin American Region

The Latin American, Hispanic, Central American, and South American worlds are difficult to analyze within the context of this book because the terminology is either too broad or too limited when trying to describe the Latin American nations that are relevant to the subject (Figure 38.1).

Before I get into the specifics of these regions, I want to take a moment to talk about some global dynamics that we see in cross‐border investment banking. The terminology that I use to discuss cross‐border investment banking is sometimes what some people might consider oversimplistic or insensitive. I just want to be clear that as I described these concepts and these tools, none of this terminology is meant to offend, belittle, or overlook any group anywhere in the world, I am simply communicating thoughts and ideas that utilize nomenclature that people do find in mainstream culture and academics even though that mainstream utilization may itself be insensitive at times. The examples of this will become clear as I unfold them.

There is a dynamic that we see in cross‐border capital markets that is consistent with the terminology of the developed and neo‐developed countries. I believe the terms emerging vs emerged, global south vs global north, developing vs developed, and so on are inaccurate terms to describe the dynamics we see in these varying economies. For this reason, I will use the terminology developed to refer to the more common, wealthy economies ...