Showing posts with label Latin America. Show all posts
Showing posts with label Latin America. Show all posts

Sunday, January 14, 2018

Church Scandals in a Secularizing World

A religious institution can least afford scandal involving highly unethical and illegal activity when the world is secularizing; the headwind alone requires a lot of energy just to stay in place, let alone move forward. The trail of child-rape scandals and cover-ups had by 2018 made a dent in the number of Roman Catholics in Latin America, yet other factors also accounted for the declines in church membership, and thus obfuscated estimates of the fallout in particular.  I contend that the gravity of the sexual abuse and related cover-ups by clergy warrants more than just being reckoned as one of several factors, even though the actual exodus was muted relative to the severity of the crimes. 

The full essay is at "Church Scandals"

Wednesday, January 3, 2018

East Asia and Latin America: Economy & State

In the fall of 2011, the economic troubles in the developed countries were starting to hit fast-growing developing economies like China, Brazil and Indonesia. The governments of the developing countries were “girding themselves,” according to the Wall Street Journal, “to offset any economic and financial damage.” China’s government, for example, increased the investment of its sovereign wealth fund in Chinese banks. In September, China’s exports to the E.U. grew at 10 percent, compared with 22% in August. China’s increase in imports was also weaker, which did not bode well for emerging markets in Latin America and elsewhere that supply commodities for China’s construction industry.  Yet IMF projections depicted an interesting distinction between the projected increase of real GNP in Latin America and the developing Asian economies. The projections for 2011 were 4.7% and 7.9 percent, respectively. For 2012, the projections were 4.0% and 7.7 percent, again respectively. What can explain this pattern wherein Asian newly industrialized economies (NICs) were expected to fare better?



The full essay is at "East Asia and Latin America."


Source:

Alex Frangos and Patrick McGroarty, “Troubles of West Take Toll on Emerging Economies,” The Wall Street Journal, October 14, 2011.